Awash Insurance S.C. has solidified its leadership in Ethiopia’s private insurance sector, achieving a record-breaking premium collection surpassing 2.26 billion Birr in the first half of the 2024/25 fiscal year. This outstanding performance demonstrates a significant edge over its competitors, reaffirming the company’s dominance in the industry.
The General Insurance business alone contributed over 1.88 billion Birr, marking a remarkable 36% growth in sales revenue. Meanwhile, the Life and Health Insurance sector generated more than 322 million Birr, reflecting an impressive 55% growth. Additionally, the Sharia-compliant Salaam Takaful service saw contributions surpassing 58.7 million Birr, with a remarkable growth of 83%.
With an overall business growth of 40%, Awash Insurance continues to maintain its position as the leading private insurer among 17 market players. This exceptional achievement is a result of the strategic vision set by the company’s Board of Directors, the dynamic leadership of its Executive Management, and the dedication of its employees, sales representatives, and valued customers.
Awash Insurance expresses its deepest gratitude to all stakeholders for their ongoing trust and partnership in reaching this historic milestone.
Congratulations!
