Board of Directors Profile


1.BOD Qualifications and Work Experience.


No

Name

Educational level

Field of Study

Work Experience(Years)

1

Ato Hambissa Wakwaya

BA

Economics

50

2

Ato Wole Gurmu

Post-graduate Diploma (Equivalent to MA)

Population & Dev’t Studies

47

3

Ato Amsalu Bizuneh

BA

Accounting

26

4

Dr. Alemayehu Mechessa

Ph.D

Natural science (Geology)

25

5

Ato Bacha Gina

MBA

Business Administration

19

6

Ato Gudeta Ayele

12th Grade Complete

Involved in Business activities

28

7

Ato Ayele Desalegn

Certificate in Book Keeping & Mgt’

Involved in Business activities

25

8

Ato Kebede Borena

BA

Accounting

25

9

Ato Mekonen Tadesse

MBA

Executive Masters

17



2.Schedule of Board Committees (2016/17)



No

Board Committee & Members

Secretary

Focus Area

Requirements in the ToR

Documentation

1

Audit

-Ato Amsalu Bizuneh (Chairman)

-Ato Kebede Borena (Member)

-Ato Mekonen Tadesse (Member)

Manager, Audit & Inspection Department

· Audit program & implementation (oversee functions of Audit & Insp. Dep't)

· Review internal audit findings and actions taken by the Executive Management.

· Review effectiveness of internal controls & risk management processes.

· Review Compliance to the policies, rules of the Company & regulatory standards.

· Monthly meeting.

· Quarterly report to the full Board

· Urgent matters can be tabled to the full Board as required.

· Monthly minutes in the committee file.

· Quarterly written report to the full Board.

· Attend to matters specifically assigned to the Committee by the full Board.

2

Risk Management & Compliance

-Ato Bacha Gina (Chairman)

-Dr. Alemayehu Mechessa (Member)

-Ato Gudeta Ayele (Member)

DCEO-Insurance Operations

· RMP implementation (review & recommend risk management strategies, policies & risk tolerance limits for Board's approval)

· Review/assess inherent & significant risks in the Company based on reports.

· Review the infrastructure, resource and systems for implementation of RMP.

· Review risks related to operational, MIS, HR & Financial matters in the Company.

3

Business Development

-Ato Wole Gurmu (Chairman)

-Ato Kebede Borena (Member)

-Ato Ayele Desalegn (Member)

Manager, CBD& Marketing Dept.

· Marketing Strategy and review of implementation of marketing plan by Branches.

· Development of Life Business.

· Review status of customer service.

· Review status of branch networks and measures taken for product dev't.

4

HR Affairs Committee

-Ato Hambissa Wakwaya (Chairman)

-Dr. Alemayehu Mechessa (Member)

-Ato Mekonen Tadesse (Member)

DCEO-Resource Management

· Recommends a framework of hiring and replacing senior mgt members.

· Examines policies and procedures on HRM

· Monitors the dispensation of salary & benefits.

· Oversees management succession plan and performance evaluation

· Ensures that trainings/inductions are given to directors.

5

Investments & Project follow-up Committee

-Ato Hambissa Wakwaya (Chairman)

-Ato Wole Gurmu (Member)

-Ato Amsalu Bizuneh (Member)

-Ato Bacha Gina (Member)

DCEO-Resource Management

· Reviews feasibility studies & Investment Proposal.

· Follow-up Projects after Investment decisions are given.



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.

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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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