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Global 
Insurance Company

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(a) General Information

Year of Establishment

1997

Current Operational Area (s)

Global Insurance Company is currently operating in:

• Addis Ababa

• Harrar

• Diredawa

Future Expansion Plan

Global wants to expand its outreach to the following areas within a period of 3 to 5 years:

• Oromiyaa;

• Southern region

Total Number of Branches Opened so far

Global has 6 branches, including the Head Office.

Total Number of Clients Served So far/ Number of policies

5000

(b) Terms and Types of Insurance Services/Policies

Time needed to process and get services and amount of premium

General Criteria for client (risk) eligibility of Insurance Coverage

• Insured’s previous records in terms of claims experience, if available;

• Insured’s statement of premium;

• Types of vehicles and goods to be insured (for property insurance);

• Client’s financial capacity for pecuniary insurance;

• Construction and location of the building (for engineering insurance);

• The necessary risk minimizing equipment should be installed (such as fire extinguisher);

• Present collateral incase of pecuniary insurance;

• Interest in the subject matter of insurance (life insurance);

Additional Information and Documents Required from new clients

• A new client should fill proposal form for the type of insurance coverage he/she needs to get;

• Honestly disclose the situation of the subject to be insured and cooperate while the Company is making survey of the situation;

• Present audited financial statement whenever required;

Type of clients addressed so far:

• Private companies such as Garad PLC, Petram PLC, Glorious PLC, M.A. Sheriff, Electronic World, Yamato Ethiopia, ED Zublin AG, East African Bottling.

Application/proposal form:

Each insurance coverage has its own application/proposal form. One of the proposal forms, is presented below as a sample: (Next Page)

Plan to avail Services to Micro and Small Entrepreneurs (MSEs)

The Company has willingness to do so.

Service Out-let

The services of the Company are accessible through its branch offices, sales agents and brokers.

Frequency of revising loan policies

It depends on the need and urgency of the matter.

Head Office

Telephone: +251-1-567400

Fax : +251-1-566200

E-mail : globalinsu@telecom.net.et

P.O.Box: 180112, Addis Ababa, Ethiopia

Contact Person: Mr. Masresha Gebre Meskel

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