Company Profile
Nyala Insurance S C
Addis Ababa, Ethiopia
Company Description:
Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994.
Over the years Nyala Insurance become one of the leading private insurance companies in Ethiopia
- with strong financial capacity of Birr 300 million subscribed capital,
- professional workforce,
- over 20 years of experience in insurance operations,
- large and increasing customer base, annual turnover and amount of risk covered.
Currently, NISCO guarantees protection with care to its customers through three pronged services – General, Life and Micro-insurance solutions with a network of 43 service outlets (28 Service Centers and 15 Contact Offices) distributed all over the country. NISCO has profoundly revised its previous course of business situation, and keenly formulated a forward-looking Strategic Plan that would help the Company streamline its resources towards achieving higher growth. |
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