Founded in 2012, Tsehay Insurance S.C. is a privately owned Ethiopian insurance provider licensed by the National Bank of Ethiopia. Headquartered in Addis Ababa, the company offers a comprehensive range of general and life insurance products.
The company was established by 105 founding shareholders and began its operations with an initial paid-up capital significantly higher than the regulatory minimums required at the time. The executive team is led by CEO Ato Yilma Gebrie.
Financial Performance
During the 2023/2024 fiscal year, Tsehay Insurance S.C. reported robust financial growth:
- Gross Written Premium (GWP): Reached Birr 1.017 billion
- Net Profit: Recorded at Birr 173.8 million
Insurance Portfolios
Tsehay Insurance S.C. designs and delivers standard financial protection across two main divisions:
General Insurance
Tailored policies developed to protect individuals and businesses against diverse physical and operational risks:
- Motor Insurance
- Fire Insurance
- Engineering Insurance
- Marine Insurance
- Liability Insurance
Life Assurance
Long-term and short-term financial protection products structured to secure future livelihoods:
- Endowment Plans
- Tsehay Education Policies (specialized coverage for children)
- Travel Insurance
- Joint Term Life Assurance
Branch Network & Presence
The company provides accessible services and claims handling through a growing national footprint of 43 branches located across Ethiopia.