The total asset of the company has reached a value of more than Birr 361.6 million as at June 30, 2016. The composition is considered as highly recommended when compared to the requirements of the National Bank of Ethiopia. The mix is as illustrated in the following table. Full details of the financial performance can be acquired from the Annual Report.


 

Description Percentage
Cash and Cash Equivalents (Current Assets) 84%
Share Investment 8%
Statutory Deposit 4%
Fixed Assets 4%

Abay Insurance S.C. has a qualified, young, motivated and committed staff. The Company's Human Resource Policy is to recruit young and dynamic personnel .The training and development activity is considered as an investment to produce a flexible and multi-skilled human resource. On the job coaching and intensive formal/informal training, local and abroad are the company's routine staff development programs.

               

Abay Insurance S.C. gives a strong emphasis to its financial strength and hence has arranged a sustainable program with highly reputable world reinsurers that are Swiss Re as a treaty leader, Africa Re, ZEPRe (PTA Reinsurance Company), Kenya Re, Ethio Re, and Tunis Re as a follower.

Abay Insurance S.C. has developed a sustainable business relationship with a range of clients by exerting all its efforts towards the achievement of utmost service. It believes that provision and excellence in service matters a lot and is dedicated in managing customer relations. The below listed are few of our customers and sample mega projects for the purpose of referencing.

The company is always striving to exceed customers’ expectation. Accordingly, frequent assessment of the service delivery pattern is part of its daily menu. The following are some of the attributes which are specific to our company.

  • Client Risk Management and Advisory Services
  • Open flow of communication
  • Very strong capital base
  • Qualified and passionate staff
  • Prompt and well managed claim service
  • Nationwide accessibility (represented throughout Ethiopia)
  • A multitude of General and Long Term Products
  • Remarkable growth and long term Sustainability
  • Highly prominent Reinsurers
  • A commitment to Corporate Social Responsibility
  • Well cemented and proved trust from existing customers