With Renewed Commitment to Excel in the New Millennium!
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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;
a logo with trifoliate (three leaves in green) on top of the middle letter
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@ethionet.et
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| Motto: |
Awash always flows, so does our company!
Non-stop care and services are guaranteed!
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Our Vision
To be the leading and the best insurance service provider.
Our Mission
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.
Our Values
- We are commited to our clients.
- We are committed to our staff.
- We are punctual.
- Honesty is our basic tenet.
- Team-work is our organizing principle.
- We keep our code-of-dressing.
- We promote gender equality.
- We are environment friendly.
- Transparency is our guiding principle.
Aims
- 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 on insurance and related matters;
- 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;
- Support social causes in undertaking its corporate responsibility;
- 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 as a rearguard;
- And above all, contribute its part to the sustainable growth of the economy.
Licensed: October 1, 1994.
Commenced Operations:
January 2, 1995.
Main Services:
General insurance and Long-term (Life) insurance.
| Ownership structure: |
A share company owned by more than 575 individual and corporate shareholders. |
Business Partners and Banks:
- Awash International Bank S.C, Our principal banker; AIC is the leading shareholder in this Bank;
- Commercial Bank of Ethiopia
- United Bank S.C.
- Wegagen Bank S.C.
- Nib International Bank S.C.
- Oromia Cooperative Bank S.C.
| Capital: |
Subscribed Capital, ETB 80,000,000.00
Paid-up capital, ETB 59,349,000.00 |
Business Experience and Track Record
Profitable throughout its years of service, with over 24% return on investment (ROI) on the average.
AIC’s Outstanding Features
The Outstanding features of AIC include, but not limited to the following:
- AIC has stable and remarkable business track record;
- Its broad-based nature is its solid foundation;
- Continuous growth in its scope of operational coverages, national coverage & organizational strength;
- Efficient and transparent service delivery;
- Loyal, dedicated and professional management and staff;
- Flexible and innovative approaches used in our service delivery;
- The Company also has the most dependable reinsurers;
- Above all, we provide highly tailored/affordable insurance covers that are suitable & fit to the needs of customers.
| Directors: |
The company has nine Directors on its Board who are both businessmen and professionals. |
Current Board Chairman: Mr. Kanaa Daba.
| Executive Management: |
The company has qualified and experienced professionals in the team of Executive Management. |
General Manager: Mr. Tsegaye Kemsi, FLMI
| Staff : |
AIC at present has a total of 303 employees. We are gender sensitive; 45% are female. |
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The New Headquarters of Awash Insurance
Company and its sister company, Awash International Bank.
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