Nib Insurance Company
Nib Insurance Company (NIC) was founded on May 02, 2002, by 658 shareholders with an authorized capital of Birr 50.0 million and a Paid-Up Capital of Birr 14.0 million, four branches in Addis Ababa, and a staff of no more than 50. The paid-up capital has now reached Birr 250 million, and the number of shareholders has grown to 1,014. Clients can choose between General (Non-Life) Insurance and Life Assurance Services from NIC. Our aim is to deliver dependable and high-quality insurance services while maximizing profitability, achieving long-term growth, building assets, investing, and supporting the country’s overall progress.