Awash













 
With Renewed Commitment to Excel in the New Millennium!

Company Name: Awash Insurance Company S.C. (AIC)

Company Logo:

On a sky blue circle background three letters AIC (Awash Insurance Company) are engraved in white;on top of the middle letter there is trifoliolate ,three leaves in green representing bright future,growth and prosperity.

Headquarters Address: The Awash Towers
Senga Tera
P.O.Box 12637
Addis Ababa, Ethiopia
Tel. +251-11-5570001
Fax +251-11-5570208
E-mail:aic@awashinsurance.com OR: aic@ethionet.et

Motto: Wherever there is Awash,there is safety,protection and peace of mind.

WE CARE for our Customers!!


Vision:

The Vision of Awash Insurance Campany S.C,is " to be the leading and the best insurance service provider."

Mission Statement:

The Mission of Awash Insurance Campany S.C,is to provide diversified general and long-term insurance services to a continuously growing number of clients efficiently, competitively and profitably supported by modern technology as well as by well trained, professionally and socially responsible team of management and employees.

Core Values:

  • Commitment towards its clients.
  • Commitment towards its staff.
  • Providing a client focused marketing and claims service.
  • A dynamism of management in reacting to fast-changing market conditions.
  • Providing efficient claims and client service.
  • Transparency.

Aims and Objectives:

  • Carry out all types of general and long-term insurance and reinsurance businesses in Ethiopia and abroad;
  • Provide customers with clear, up-to-date and helpful professional advice in an easy way;
  • Make sure that the protection provided is completely fit to the requirements of customers;
  • Invest in businesses incidental to insurance in accordance with the law;
  • Encourage society to help one another;
  • Initiate, promote and uphold the actualization of lucrative businesses by financing or investing in them to maximize the Shareholders' benefits;
  • Work severally and hand-in-glove with all concerned to enhance the awareness about insurance among the general public;
  • Facilitate, guarantee and help accelerate socio-economic development of the country in serving the economy as rear guard;
  • And above all, contribute its part to the sustainable growth of the economy.

Founded: October 1, 1994.

Commenced Operations: January 2, 1995.

Country:Ethiopia

Main Activity/Service: General Insurance and Long-term (Life) Insurance Business.

Ownership structure: A private share company with more than 741 individuals and corporate shareholders.

Business Partner(s) and Bankers:

    i.Awash International Bank S.C, Our principal banker; AIC is

    the leading shareholder in the Bank;

    ii. United Bank S.C.

    iii Wegagen Bank S.C.

    iv.Commercial Bank of Ethiopia

    v.Oromia Cooperative Bank S.C.


Capital: Subscribed Capital, ETB 80,000,000.00
Paid-up capital, ETB 120 million.

Business Experience and Track Record:

Profitable throughout its years of service, with over 24% investment return on the average.

Customer Base:

  • Our client base is one of the broadest among private Companies.
  • Many gigantic companies and organizations(private and puplic alike)are among ever-growing customer base.
  • AIC’s Outstanding Features:

    • Owns ultramodern Headquarters building at the center of the metropolis.
    • Provides technologically advanced and automated service General Insurance Information System.
    • Stability and remarkable business trach record
    • The solid foundation(our broad-based unique feature);
    • Ever-growing size,national coverage & organizational strength;
    • Service efficeincy,transparency;
    • Loyal and dedicated staff of growing quality
    • *both young & experienced
    • Our willingness to serve customers flexibly and innovatively;
    • That we have a sister Bank,the first private bank since three decades.
    • Dependability of Reinsurance Program,and
    • Above all our provision of highly tailored/affordable insurance covers suitable & fit to the needs and pockets of the customers

    Directors: Board Directors are nine prominant businessmen and proffesinals 

    Board Chairman: Mr. Kanaa Daba.

    Management: The managment team of AIC consists of seven highly qualified and exprinced professionals.

    Chief Executive Officer: Mr Tsegaye Kemsi, FLMI

    Staff : AIC has at present over 380 employees.

Head Quarter
The New Headquarters of Awash Insurance Company and its sister company, Awash International Bank.


Awash Insurance Company S.C.