Zemen Insurance Share Company

Zemen Insurance Share Company (ZISC) is a Private Insurance Company which was established by 926 shareholders and registered at Ministry of Trade and Industry on January 24, 2020, and obtained nonlife or general insurance license by 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 initial stage in the Ethiopian Insurance history. The number of branches has currently reached to Twenty-Nine /29/ & planned to add one more branch to outreach the total number of branches to thirty /30/ in the year 2023/24 both in Addis Ababa and outside Addis Ababa.

Happy New Budget Year 2024/25

1 2 3 4 5

GENERAL

General Insurance also called non-life insurance: This category includes property and liability.

Learn more

LIFE

Life Assurance is the assurance of persons which may be classified as an endowment, term, and whole life insurance.

Learn more

TRAVEL

Travel Insurance: Zemen Insurance S.C launched a travel insurance program for international travelers in collaboration .

Learn more

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 Values

T=Timely-Provide Timely Response

R=Resourceful-build capacity and professional

U=unique-add value through innovation & creativity

S=Service-Provide Quality Service

T=Teamwork-collaborate openly and Honesty

We TRUST and value our customers!

Message from the CEO

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.