Zemen Insurance S.C Profile

Zemen Insurance Share Company (ZISC) is a Private Insurance Company which was established by 926 shareholders and registered at the Ministry of Trade and Industry on January 24, 2020, and obtained a nonlife or general insurance license from the National Bank of Ethiopia on January 17/2020. The company has started insurance operation as of June 5/2020.

As of March 31, 2023/24, audited financial statement, the Company has a total asset, paid-up capital, and total capital of birr 832.9, 223.3, and 352.3 million in order and also 500,000,000 authorized capitals. This is the highest amount of capital at the initial stage in Ethiopian Insurance history. The number of branches has currently reached Twenty-Nine /29/ & planned to add one more branch to reach the total number of branches to thirty /30/ in the year 2023/24 both in Addis Ababa and outside Addis Ababa.