Get Ethiopian Insurance Corporation Pdf

- The Ethiopian insurance industry is regulated by the NBE. - Motor third-party liability insurance and professional indemnity insurance for insurance intermediaries are compulsory classes of insurance. - Composite insurance is permitted in Ethiopia.

Under the Ethiopian commercial code, there are three types of insurances. They are insurance against damages, insurance of liability for damages and insurance of persons.

- The Ethiopian insurance industry is regulated by the NBE. - Motor third-party liability insurance and professional indemnity insurance for insurance intermediaries are compulsory classes of insurance. - Composite insurance is permitted in Ethiopia.

ing to the Ethiopian Commercial Code, a code governing Insurance policies, an Insurance policy is “a contract whereby a person called the insurer, undertakes against payment of one or more premium to pay to person, called the beneficiary, a sum of money where a specified risk materializes.

They cover expenses the policyholder incurs from damages to health or property (policies typically offered are medical expenses, or house, motor vehicle and fire insurance), and financial losses like a loss of income.

The Ethiopian Insurance Corporation renders more than 15 types of polices in the life Insurance Sector. Life insurance policies can be bought individually and in-group, which enable the insured to get various benefits. The benefit gained from these insurance policies depends on the choice of the customers.

Ethiopian Insurance corporation has a mission of protecting the public from unexpected and accidental loss in providing customer focused; efficient and reliable insurance services.

“We provide our customers an efficient and reliable insurance service and engage in investment activities by deploying the right mix of expertise, state of the art technology and cost effective strategy.