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.
Board of Directors
Our vision is to be one of the top five private insurance company’s in Ethiopia by 2032.
- Efficient customer service
- Team work
- Corporate social responsibility
- To provide superior insurance service by deploying modern technology & professional staff, ensuring profitability & sustainable growth, in a socially responsible manner.