Home

Nyala 
Insurance Company

FeMSEDA  I  ReMSEDA  I  Chambers  IFinance  I   BDS providers  INetworks IAssociationsINGO/Projects

 

 Business Environment
 Legislation 
 Support Institutions
 Photos+Success Stories
 Approach+Strategy
 Lessons learnt
 Library
 BDS News
 BDS relevant Links
 Sitemap
 Contacts

 

 Sector Development
 Textile and Garments
 Leather and Footwear
 Food processing
 Construction
 Sector-Library

 

 Business Information
 Start your Business
 Write a business plan
 Accounting
 Cost calculation manual
 Marketing guide
 Export-Import guide
 Trade fair guide
 Trade opportunities
 Investment guide
 Tender guide
 Women and business
 Organize MSE exhibition
 Loan conditions
 Vocational training
 Improve your
 business association
 Taxation
 Appropriate Technology
 Standards and Quality
 Country Info,
 Business environment

 

 

Website Statistics

 

 

 

Finance-HomeIBanks IMicro-Finance IInsurances

(a) General Information

 

Year of Establishment

1995

 

Current Operational Area (s)

 

Nyala Insurance Company is currently operating in:

  • Mekele

  • Dessie

  • Awassa

  • Jimma

  • Bahir Dar

  • Nazareth

  • Dire Dawa

  • Gonder (Contact office)

  • Jijiga (Contact office)

Future Expansion Plan

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

  • Addis Ababa

  • Kombolcha

  • Arba Minch

  • Ziway

Total Number of Branches Opened so far

Nyala Insurance Company has14 branches operating in Ethiopia.

 

Total Number of Clients Served So far/ Number of policies

Not specified

 

(b) Terms and Types of Insurance Services/Policies

Type of Cover

Minimum Term/ Duration of Coverage

Maximum Term/ Duration of Coverage

Motor insurance

1 day

1 year

Marine Insurance

“

Varies

Fire and Lightening

“

1 year

Workmen’s compensation

“

“

Personal and group accident

“

“

Different types of bonds

As per the agreement (Except Bid Bond)

Engineering

1 year

As per the agreement

Building and House Breaking

1 day

1 year

Money Insurance

1 time transit

“

Any other tailor-made covers

 

 

 

Time needed to process and get services and amount of premium

No.

Type of Loan

Time needed to get Service

Annual premium

1.

Motor insurance

1 day

Not specified

(upon request)

2.

Marine Insurance

“

“

3.

Fire and Lightening

“

“

4.

Workmen’s compensation

“

“

5.

Personal and group accident

“

“

 

General Criteria for client (risk) eligibility of Insurance Coverage

  • The client should have insurable interest on the item to be insured;

  • Past claim Experience should be disclosed;

  • Condition of the property to be insured should be disclosed properly.

Type of clients addressed so far:

  • Construction companies

  • Trading Enterprises;

  • Banking Institutions;

  • Hotels and Restaurants;

  • Travel Agencies;

  • Factories (Manufacturing Enterprises);

  • Aviation Company;

  • Car Dealers.

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

Not specified.

 

 

Head Office

 

Telephone: +251-1-626667

Fax : +251-1-626706

E-mail :nisco@telecom.net.et

P.O.Box: 12753, Addis Ababa, Ethiopia

Web Site: www.nyalainsurance.com

Contact Person: Mr. Joseph Borka or Mr. Abdulhakim Abubeker

 

 

 

Finance-Home I Banks I Micro-Finance I Insurances

 

 

Business Development Services (BDS) Forum
www.bds-forum.net edited by Dieter Gagel, freelance consultant, providing information on BDS strategies,
networking and practical BDS case studies as well as business information on marketing, business planning,
bookkeeping and cost calculation, import-export, trade fairs and access to finance.

New BDS Portal in Senegal www.senegal-entreprises.net .
One of the biggest national BDS portals world wide!

Value Chain Development in Ethiopia www.business-ethiopia.com