| Revision as of 18:35, 16 January 2025 editSerialportno (talk | contribs)19 edits ←Created page with '{{short description|Ethiopian state-owned organization}} {{Infobox organization | name = Ethiopian Insurance Corporation | native_name = <!-- organization's name in its local language --> | native_name_lang = <!-- required ISO 639-1 code of the above native language --> | logo = | logo_size = | logo_alt = | logo_caption = | image = | image...'Tag: Visual edit: Switched | Latest revision as of 22:00, 16 January 2025 edit undoPollia (talk | contribs)166 editsNo edit summaryTag: Visual edit | ||
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| == History == | == History == | ||
| The Ethiopian Insurance Corporation (EIC) was established in 1 January 1976 by proclamation No. 68/1975 by emerging takeover of the thirteen nationalized private insurance companies liabilities and assets, with birr 11 million (USD 1.29 million) paid up capital.<ref>{{Cite journal |last=Zeleke |first=Hailu |date=2007 |title=Insurance in Ethiopia : historical development, present status and future challenges |url=https://www.semanticscholar.org/paper/Insurance-in-Ethiopia-:-historical-development,-and-Zeleke/57df960f69ca896a3892ee8f0718a1acd287e725}}</ref><ref name=":0" /><ref>{{Cite web |title=Ethiopian Insurance Corporation Profile |url=https://www.ethiopiancapitalmarket.com/companies/ethiopian-insurance-corporation |access-date=2025-01-16 |website=www.ethiopiancapitalmarket.com |language=en}}</ref> | The Ethiopian Insurance Corporation (EIC) was established in 1 January 1976 by proclamation No. 68/1975 by emerging takeover of the thirteen nationalized private insurance companies liabilities and assets, with birr 11 million (USD 1.29 million) paid up capital.<ref>{{Cite journal |last=Zeleke |first=Hailu |date=2007 |title=Insurance in Ethiopia : historical development, present status and future challenges |url=https://www.semanticscholar.org/paper/Insurance-in-Ethiopia-:-historical-development,-and-Zeleke/57df960f69ca896a3892ee8f0718a1acd287e725 |journal=semanticscholar}}</ref><ref name=":0" /><ref>{{Cite web |title=Ethiopian Insurance Corporation Profile |url=https://www.ethiopiancapitalmarket.com/companies/ethiopian-insurance-corporation |access-date=2025-01-16 |website=www.ethiopiancapitalmarket.com |language=en}}</ref> | ||
| It is state-owned and profitable organization. As of August 2023, the Corporation profits plunged up to 1.4 trillion birr.<ref>{{Cite web |title=State-owned Insurance Corporation Profitably Marches |url=https://addisfortune.news/state-owned-insurance-corporation-profitably-marches-ahead/ |access-date=16 January 2025 |website=]}}</ref> | It is state-owned and profitable organization. As of August 2023, the Corporation profits plunged up to 1.4 trillion birr.<ref>{{Cite web |title=State-owned Insurance Corporation Profitably Marches |url=https://addisfortune.news/state-owned-insurance-corporation-profitably-marches-ahead/ |access-date=16 January 2025 |website=]}}</ref> | ||
Latest revision as of 22:00, 16 January 2025
Ethiopian state-owned organization| Abbreviation | EIC |
|---|---|
| Formation | 1 January 1976; 49 years ago (1976-01-01) |
| Type | Governmental |
| Purpose | Insurance company |
| Headquarters | Leghar, Addis Ababa, Ethiopia |
| Owner | Ethiopian Government |
| Website | Official website |
The Ethiopian Insurance Corporation (Amharic: የኢትዮጵያ ኢንሹራንስ ኮርፖሬሽን; EIC) is a state-owned insurance corporation headquartered in Leghar, Addis Ababa, Ethiopia. It was established in 1976 with initial capital of 11 million (1.29 million USD) after taking over the thirteen nationalized private insurance companies liabilities and assets.
History
The Ethiopian Insurance Corporation (EIC) was established in 1 January 1976 by proclamation No. 68/1975 by emerging takeover of the thirteen nationalized private insurance companies liabilities and assets, with birr 11 million (USD 1.29 million) paid up capital.
It is state-owned and profitable organization. As of August 2023, the Corporation profits plunged up to 1.4 trillion birr.
References
- ^ "Ethiopian Insurance Corporation | ethioconstruction.net". ethioconstruction.net. Archived from the original on 2021-07-30. Retrieved 2025-01-16.
- Zeleke, Hailu (2007). "Insurance in Ethiopia : historical development, present status and future challenges". semanticscholar.
- "Ethiopian Insurance Corporation Profile". www.ethiopiancapitalmarket.com. Retrieved 2025-01-16.
- "State-owned Insurance Corporation Profitably Marches". Addis Fortune. Retrieved 16 January 2025.