Insurance Company

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Website Statistics




Finance-HomeIBanks IMicro-Finance IInsurances

(a) General Information


Year of Establishment



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



Fire and Lightening


1 year

Workmen’s compensation



Personal and group accident



Different types of bonds

As per the agreement (Except Bid Bond)


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


Type of Loan

Time needed to get Service

Annual premium


Motor insurance

1 day

Not specified

(upon request)


Marine Insurance




Fire and Lightening




Workmen’s compensation




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




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