Zemen Insurance Share Company (ZISC) is a Private Insurance Company which was established by 898 founding shareholders. ZISC is registered at Ministry of Trade and Industry on January 24, 2020. The Company got license to operate nonlife or general insurance business by National Bank of Ethiopia on January 17/2020 with an initial subscribed and paid up capital Ethiopian Birr/ETB/ of Birr 112.2 million and 79.89 million respectively at time of registration.
General Insurance also called non-life insurance: This category includes property and liability.
Life Assurance is the assurance of persons which may be classified as an endowment, term, and whole life insurance.
Travel Insurance: Zemen Insurance S.C launched a travel insurance program for international travelers in collaboration .
Our Vision
To be one of the top five Insurance company in Ethiopia by 2035
Our Mission
To render outstanding insurance service to its customers by using qualified staffs, state of the art technology, sustainable, vigorous growth and ensuring profitability through socially responsible manner and contribute the insurance industry’s growth.
Our Core Value
T=Timely- Provide Timely Response
R=Resourceful-build capacity and professional
U=unique- add value through innovation and creativity
S=Service-Provide Quality Service
T=Teamwork-collaborate openly and Honesty
We TRUST and value our customers!
Dear valued Customers, Shareholders, and Esteemed workforce
The year has been the one that has encountered incredible challenges, it was very stiff in particular for our company as new entrant to the market. The struggle at all aspect is still continues with hope of success and better achievement. However, with great delight the operation year was concluded with remarkable growth and profit.
The management believes that our core foundation of customer service and leading by uniqueness is the primary way out in this abnormally competitive and strenuous environment.
Year after year, Zemen Insurance SC, has delivered better performance and milestones to set exemplary standards in the industry. Within a short journey, we have enhanced our position in the market as the hopeful insurer in the Country. We have also made our utmost efforts for the growth of the industry as a whole. This has been our business philosophy since inception and we are proud to have sustained it immaculately.
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