1. Overview

Tsehay Insurance s.c. was established in March 2012 in accordance with the NBE proclamation No.86/1994 by 105 Ethiopian shareholders (individuals & enterprises) with a mission of providing general insurance services for the public. While starting operation, it’s subscribed and initial paid up capital was Birr 45.1 and 11.2 million respectively. Currently, the company is owned by 148 shareholders and the authorized capital rose to Birr 120 million while the paid up capital become Birr 77 million.

  1. Company Profile

Vision:

  • To be trustworthy insurance company, which generation will be proud of!!

Mission:

  • Providing prompt & reliable insurance service at fair price by motivated and technologically supported staffs to insure sustainable profitability and contribute to the overall national growth.

Core Values:

  • Committed to prompt and reliable customer service
  • Serving with utmost respect
  • Teamwork
  • Integrity and fairness
  • Promise-keeping
  • Confidentiality
  • Creativity and dynamism

Main Engagement: General Insurance Business

Paid Up Capital:   77 Million Birr

Subscribed Capital:   120 Million Birr

Motto:  The Sun Shines for All! /ፀሐይ ለሁሉም ታበራለች!!

 Branches: The Company has 20 branches in total: 13 in Addis Ababa and 7 in regional towns.

Staff: Number of Company’s staff reached 160

Customers: The Company has a wide and diversified customer base including prominent enterprises and individuals. Its number of customers reached more than 20,000.

Board of Directors:                          

  1.      Ato Belisti Bitew
  2.      Ato Mandefro Erkou
  3.     W/ro Mahider Kiber(Baheran Trading)
  4.      Ato Tadesse Ayenew
  5.      Ato Aregaw Kefyalew
  6.      Ato Habtamu Alebachew
  7.      Ato Menigist Zebenay
  8.      Ato Balew Tadele
  9.      Nahoo Astaraye(Belima international Trading PLC)

Executive Management:

  1.          Ato Kassa Lisanework—————–CEO
  2.          Ato Tibebe Tesfaye——————–D/CEO
  3.          Ato Birhnu kiber———————-EO(Marketing and Business development)
  4.          W/ro Hewan Mogess—————–EO(Finance and Admnistration)
  5.          Ato Tolera Temesigen—————-EO(Claim)