About Us

NICE is a wholly privately owned company, The First Private Insurance Company established in post – 1994 Ethiopia, to engage in general insurance business. Its Head office is in Addis Ababa ,Ethiopia and operates through 40 Branch offices and 5 licensed Contact offices located in Addis Abeba and different parts of the country. It started business transaction in October 1994.

Share Capital Structure

The authorized Capital of the company is 250,000,000 Birr or 250,000- shares of 1,000.00 Birr par value each. Currently, as at January 2022 the paid up capital of the company stands at 170,000,000 Birr. 

NICE Insurance Policies

NICE insurance policies are designed to conform to the terms and conditions available in the international insurance market, incorporate terms and conditions, to safeguard the interest of its customers and  clearly mark their respective rights and obligations. We make it our responsibility to advise our clients to obtain the right insurance cover at economic premium rates.

NICE insurance policies are backed by well-known international re-insurers, which are rated for their financial strength and prudence.

Our Clints
90%
Our Skills
80%
Staff
70%

Board of Directors

Mr. Gebeyehu Bekele
Chairman
Mrs. Zadigwa Tsehay
Vice Chairman
Cap. Yegzeru Belete
Member
Mr. YENEMENGIST DEMISSIE
Member
Mr. DEMERE DEMISSIE
Member
Mr. Ayele Asfawosson
Member
TAMRAT IYOB (ENG.)
Member
MR. BELAY GIZACHEW
Member
MR. BIRUK WALELEGN
Member

Our Vision

Our vision is to be one of the top five private insurance company’s in Ethiopia by 2032.

Our Values

  • Integrity
  • Efficient customer service
  • Professionalism
  • Team work 
  • Innovation
  • Diversity
  • Corporate social responsibility 

Our Mission

  • To provide superior insurance service by deploying modern technology & professional staff, ensuring profitability & sustainable growth, in a socially responsible manner.

NICE Management

Mr. Besrat Hailesilassie
CEO
Ms. Alem Damte
A/D/CEO Corporate affairs
Mr. Misrak Wondafrash
A/D/CEO Operations
Mr. Gizeaddis Balemual
Business Development
Mrs. Alemtsehay Degaga
Director, Reinsurance Department
Mr. Abebe Tegegn
Director, Finance and Investment
Mr. Gezehagn Sitotaw
Director, Legal Service
Mr. Ashenafi Getachew
Director, Administration and General Service
Mr. Elias Yitagesu
Director, Engineering Department
Mr. Teklemariam H/Micahel
Manager, Financial Audit Division

NICE is the first wholly privately owned insurance company, established in post – 1994 Ethiopia, to engage in general insurance business…

Contact Info

Address: Debre Zeit Road ZEFCO Building Kirkos sub-city K.05/06/07 H.No 894
Phone : +251 11 4 705 378/
+251 11 4 704 967
Fax : +251 11 465 0660
P.O.Box:  12645  Addis Ababa, Ethiopia
E-mail: info@niceinsurance-et.com

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