Nib Insurance Company S.C.

Nib Insurance Company (NIC) is an Ethiopian insurance company engaged in providing different insurance services such as Motor Insurance, Property Insurance, Marine Insurance, Enginering Insurance, Legal Liability Insurance, Pecuniary Insurance, Travel Health Insurance for Europans and Shengen states and Life Insurance services in Ethiopia. Nib Insurance Company (NIC) was established by 658 shareholders with an authorized capital of Birr 50.0 million and a Paid-Up Capital of Birr 14.0 million in May 02, 2002 with 4 branches in Addis Ababa and a total staff size of not more than 50. Currently, the paid up capital has reached to Birr 250 million and the number of shareholders increased to 1,014. NIC provides both General (Non-Life) Insurance and Life Assurance Services to its clients. The Company undertakes its operations through its Head Office, 40 branches and 1 Contact Office (For the General Insurance) and 1 Life Assurance branch. Twenty-Five of the branches are located in Addis Ababa. Currently, the number of employees working for NIC has reached to 416. Our Company’s logo is a combination of two highly valued symbols. The Queen Honeybee in the logo symbolizes leadership in a teamwork which effectively leads in the production of its sweetest product, the honey. The Umbrella, which is of a traditional Ethiopian variety, symbolizes protection from heavy rain and sun burn. Together the Queen Honeybee and its Umbrella symbolize our Company's provision of cover against risks on life and property through efficient and quality service Our Vision “To be a first class insurance company preferred by stakeholders for its quality and diversified service” Our Mission “To provide reliable and quality Insurance service and maximize shareholder's value and support the overall growth of the Country." Our Values Transparency and accountability in the provision of service, information and also in decision making Respect & honesty in dealing with stakeholders Integrity at work at all levels Trustworthy and dependable partner to all customers Socially responsible Preferred by customers for its loyalty and commitment in serving them Avoid discrimination of any sort Our Motto Your intelligent choice Our Motto Your intelligent choice! Reinsurance The company has reinsurance arrangements with internationally renowned and financially strong Reinsurance Companies. Investments Currently undergoing preparatory works to build Head Quarter building on a prime location on the Bole Road near Mega Building. A multi -purpose store Building and Recovery yard in Addis Ababa, Akaki-Kality Sub-City A multipurpose building at Dire Dawa City. Share Investment A 86.8 million share investment in Nib International Bank 8.4 million investment in Jemar Hulegeb Industries 4.8 million share investment in Agar Micro Finance 25 million ( paid share) in Ethiopian Re-Insurance Company 1000 share in Tri Bankers ATM Our Products Nib Insurance Company S.C. provides Non-Life (General) Insurance and Life Assurance service to the public which include:- 1. General (Non-Life) Insurance Products 1.1 Property Insurance Motor Insurance Fire Insurance Burglary and House Breaking Insurance Plate Glass Insurance Marine Cargo Insurance Goods in transit “ALL RISK” Insurance 1.2 Engineering Insurance Contactors “ALL RISK” Insurance (CAR) Erection all risk insurance Contractors plant and machinery Machinery Breakdown Insurance Machinery Breakdown Insurance Electronic Equipment Insurance (EEI) Boiler and Pressure Vessel Insurance Policy 1.3 Liability Insurance Public Liability Insurance Professional indemnity Insurance Product Liability Insurance Carrier Legal Liability Policy Workmen Compensation Business Interruption Insurance 1.4 Pecuniary Insurance Bonds Fidelity Guarantee Insurance Policy Money Insurance 1.5 Group/Personal Accident Insurance(GPA/PA) 2. Life Assurance Products 2.1 Group Term Assurance 2.2 Individual Term Assurance 2.3 Whole Life Assurance 2.4 Mortgage Protection Insurance (MPI) 2.5 Endowment Assurance (With or Without Profit) 2.6 Educational Endowment Policy (With profits) 2.7 Medical Expense Insurance 2.8 Travel Health Insurance 2.9 Riders Accidental Death benefit ( ADB) Accidental Death and Dismemberment Benefits ( AD&D) Comprehensive Accidental Insurance Benefits (CAI) Waiver of Premium Benefits (WOP) Funeral Expenses Cover Terminal illness/Dread Disease Cover Service Outlets Address 29 Arada Contact office 0111-703121 0913475915 011-1703121 Addis Ababa Branches Sr.No A.A Branch Telephone Number Direct Mobile Fax No. 1 Main 011 5505822 011 5530603 0911 237626 011 5530578 2 Bole 011 6616050 0911 625305 011 6616051 3 Genet 011 5151547 0911 457699 011 5525291 4 Ledeta 011 5535117 0912 690716 011 5535137 5 Megenagna 011 6621050 0911 419924 011 6635626 6 Nifas Silk 011 4430253 011 8400169 0912 158627 011 4430232 7 Piazza 011 1577813 011 8101435 0911 237625 011 1577814 8 Tana 011-6541885/86 011 2789308 0911 028114 011 2773611 9 Tiret 011 2139999 011 2136886 0911 353189 011 2135555 10 Urael 011 5158711 011 8500533 0911 532905 011 5158712 11 Gotera 011 4664023 0911 771314 011 4664127 12 Addis Ketema 0112758181/82 0911 124618 011 2758182 13 Ras 011 5536765 011 5541428 0911 250617 011 5536549 14 Lebu 011 4199663 0913 697199 011 4199662 15 Gurdshola 011 6464854 0918 776647 011 6478255 16 Meshualkya 0114 704340/10 011 4704333 0912 486507 011 4704333 17 Gerji 011 6292607 011 6292806 0911 601761 011 6292821 18 Kera 011 4170741 011 4707938 0913 566524 011 4707931 19 Tele Medhanealem 011 6672965 0924 132652 0913 209054 011 6672855 20 Ayer Tena 011 3693451/56 0911 161320 0911 161320 12 Arat Kilo 011 1263229/46 0913 731689 011 1263149 22 Bisrate Gebriel 011 3690521/ 690715 0911 614541 011 3692525 23 Kaliti 011 4715780 0913 423432 011 4715264 24 24 Akababi 0116 671028 0913 603986 011 6671027 26 Sefereselam 0112 733866 0912 762766 011 2733895 27 D’Afrique 0115 323034 0911 151904 011 5323148 28 Semen Addis - 0910 457465 - Out Line Branches Sr.No Outline Branches Telephone Number Direct Mobile Fax No. 1 Adama 0221 115354 0913 660945 022-1115355 2 Awassa 0462 211109 0911 471876 046 2211110 3 Dire Dawa 0251 121128 0915 731659 025 1123762 4 Gonder 0581 115223 0581 112258 0918 712792 0583 119179 5 Mekele 0344 400529 0914 720069 0914 708858 0344 400522 6 Dessie 0331 111166 0913 638111 0331 111162 7 Bahirdar 0582 264639/41 0918 776647 0582 264639 8 Jimma 0471 122232 0917 800007 0471 122233 9 Hossaena 0461 780230 0910 288021 0461 780231 10 Modjo 0222 362021 0222 361808 0938 607200 0222 361808 11 Debrebrehan 0116 375868 0965 472762 0116 376270 12 Alemgena 0113 679505 0911 708672 0113 679979 13 Wolkite 0113 659945 0910 211112 0113 659823