Company Profile

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

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 1370 individual and
                                           corporate shareholders as at October 2015.

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.Cooperative Bank of Oromia S.C.

  •  Subscribed Capital, ETB 300,000,000.00.
  •  Paid-up capital, More than ETB 200 million.

Business Experience and Track Record:    

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

Customer Base:
  • Our Customer base is the broadest among private Insurance Companies.
  • Many gigantic companies and organizations(private and public alike)are among our ever-growing customer base.

    AIC’s Outstanding Features:

  • Owns ultramodern Headquarters building at the center of the metropolis;
  • Provides technologically advanced and automated service through General Insurance Information System;
  • Stability and remarkable business record;
  • The solid foundation(our broad-based unique feature);
  • Ever-growing size,national coverage & organizational strength;
  • Service efficiency,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 after liberalization;
  • Dependable Reinsurance Program; and
  • Above all, our provision of highly tailored insurance covers which are suitable to the needs of the customers.

    Directors: Board Directors is composed of nine directors. They are prominent businessmen and professionals.

    Board Chairman: Mr. Hambissa Waqwaya.

    Management: The management team of AIC consists of  highly qualified and experienced professionals.

    Chief Executive Officer: Mr Tsegaye Kemsi, FLMI.

    Staff :  AIC has at present over 454 employees.

የአዋሽ ኢንሹራንስ ኩባንያ ትርፍ(2015/16)
​አዋሽ ኢንሹራንስ ኩባንያ አ.ማ. በተጠናቀቀው በጀት ዓመት ከብር 104.6 ሚሊዮን በላይ አተረፈ:: Read More

The CEO Is Awarded Doctor of Business Administration(DBA) Degree.
Tsegaye Kemsi Aredo, the CEO of Awash Insurance Company S.C. is awarded degree of Doctor of Business Administration(DBA) Specializing in Insurance Management Honoris Causa  by the prestigious Common Wealth University. Read More

አዋሽ ኢንሹራንስ በግማሽ ዓመት አፈጻጸም ::
አዋሽ ኢንሹራንስ ኩባንያ የግማሽ ዓመት የስራ አፈጻጸም ግምገማ ከጥር 27 እስከ ጥር 29 ቀን 2008 ዓ.ም በሶደሬ ሪዞርት ሆቴል በካሄደበት ወቅት ኩባንያው በግማሽ ዓመቱ ከጠቅላላ ኢንሹራንስ ዘርፍ ብቻ ብር 246 ሚሊዮን አረቦን መሰብሰቡን የኩባንያው ዋና ስራ አስፈጻሚ አቶ ፀጋዬ ከምሲ ገለጹ፡፡

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AIC Earns a Premium of 267 Million in the Mid-Year.
AIC staff became shareholders.The mid-year performance review Meeting of Awash Insurance Company for the year 2015 - 16 was held at Sodere Resort Hotel, from February 5 - 7, 2016.

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Contact Information

Awash Insurance Company S.C.
Awash Towers,
Ras Abebe Aregay Street,

Kirkos subcity,Woreda 7
Tel.  +251-011 5 57 00 01
Fax: +251-011 5 57 02 08

P.O.Box 12637
Addis Ababa, ETHIOPIA

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