Company Profile


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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 1254 individual and
                                           corporate shareholders.






Business Partner(s) and Bankers:    

    i. Awash Bank S.C, Our principal banker; AIC is the leading shareholder in the Bank;

    ii. United Bank S.C.

    iii. Abysinnia Bank S.C.

    iv.Commercial Bank of Ethiopia.

    v.Cooperative Bank of Oromia S.C.
    
    vi.Oromia International Bank S.C.

    Vii.Enat Bank.

Capital:   capital ETB 242.5 Million as at May 31,2017.

Asset:    ETB 1.2 Billion.

Business Experience and Track Record:    

  • Profitable throughout its 21 years of service, with over 24% investment return on the average.

Customer Base:
  • Our Client base is one of 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 truck 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 of the economy three decades ago;
  • Dependability of the Reinsurance Program; and
  • Above all, our provision of highly tailored/affordable insurance covers  suitable to the needs and fit to the needs and pockets of the customers.

    Directors: Board Directors are nine prominent businessmen and professionals.

    Board Chairman: Mr Hambissa Wakwaya.

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

    Chief Executive Officer: Mr Tsegaye Kemsi, FLMI.

    Staff : AIC has at present over 473 permanent employees and 27 contract employees.

    Agents: The total number of our sales force is 440.

    Branch: AIC has 42 None-Life branches and one Life branch and 2 underwriting contact offices.





Financial Results
​Awash Insurance Company S.C. latest financial results. Read More

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፡፡

Read More

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.

Read More

Calendar



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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

E-mail: aic@ethionet.et/aic@awashinsurance.com
P.O.Box 12637
Addis Ababa, ETHIOPIA

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