Nyala Insurance S.C.

Your protection is guaranteed!

Company Profile



An overview


   An overview 


Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994.

Over the years Nyala Insurance become one of the leading private insurance companies in Ethiopia

  • with strong financial capacity of Birr 300 million subscribed capital,
  • professional workforce,
  • over 20 years of experience in insurance operations,
  • large and increasing customer base, annual turnover and amount of risk covered. 

Currently, NISCO guarantees protection with care to its customers through three pronged services – General, Life and Micro-insurance solutions with a network of 43 service outlets (28 Service Centers and 15 Contact Offices) distributed all over the country.

NISCO has profoundly revised its previous course of business situation, and keenly formulated a forward-looking Strategic Plan that would help the Company streamline its resources towards achieving higher growth.



Registered Office 

Protection House, Mickey Leland Street 

P.O.Box 12753, Addis Ababa, Ethiopia 

Tel. 251-11-6626667 

Fax 251-116626706 

e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. 

Website www.nyalainsurancesc.com  





Vision & Mission




To be the preferred provider of insurance solutions in all markets we serve .




Protection with Care:- We add care to our main duty of providing protection. We give due emphasis to care in our relationship with customers and fellow employees.

Professionalism:-We engage ourselves at all times, in a professional manner paying due attention to the code of ethics required in professional insurance service.

Accountability:- We are always accountable for what we say and do, and:

To our customers:-We provide peace of mind, full confidence and assurance. 

To our shareholders:- We protect our shareholders’ investment and work for profitable growth of their company.

To our employees:-We treat all employees fairly and impartially by applying transparent procedures in promotion, conflict resolution, and assignments.

To our competitors:- We will compete in the market fairly and ethically and will not prevent others from competing freely.

To society at large: - We carry out our business in due observance and fulfillment of all applicable laws, giving due regard to, and, in participation of safety, health, environmental standards, and societal values.






To help our customers manage their risks, recover from the unexpected, and achieve peace of mind.



Integrity: -We commit ourselves to conduct our business honestly, ethically and consistently.

Excellence: - We set and strive to achieve stretched goals, work constantly to improve, and deliver what we promise and beyond whenever possible. All our endeavors are geared to achieve excellence through innovation, learning, and agility.

Team work: -We believe that the best solutions come from working together with our colleagues and customers.

Innovation: - We promote innovation and creativity. We will be a learning organization by embracing change. We will continuously improve our process and product features to meet and exceed our customers’ expectation.



The Nyala HEAD superimposed on the traditional Ethiopian SHIELD is chosen as the company's LOGO for the following reasons: In recognition of the role the Ethiopian patriots and the conservationists played in "Caring" and "Protecting" Ethiopia and its resources, human as well as natural, and in declaration of our pledge to give deserving "Care and Protection" to our customers, their dependents and their hard-earned assets.

The Head:

The Mountain Nyala, once known as "Queen of Sheba's Antelope, was some 40 years ago dangerously close to extinction. Thanks to the "CARE and PROTECTION" both National and International friends of wild life, the risk was averted and presently the Nyalas are proliferating. The Head, therefore, signifies the commitment our staff have to always give "CARE and PROTECTION" to their business partners.


The Shield:

History tells us that Ethiopia's gallant people "protected" Ethiopia and their fellow Ethiopians from the risk of being colonized with heartfelt dedication and hand held "TRADITIONAL ETHIOPIAN SHIELD". The "SHIELD" therefore signifies our colorful history of freedom and no colonial past! It doubly signifies our commitment of "CARE and PROTECTION" to our business partners.


 ”አለኝታዎ”in Amharic






                              Board of Directors: 

  1. Ato Kemal Mohammed Osman (Chairman) 
  2. Dashen Bank S.C (Member) Represented by Ato Asfaw Alemu Tesema, 
  3. National Motors Corp. Plc-(Member) Represented by Ato Yetnayet Tesfaye Tadesse 
  4. Ato Getachew Birbo Bati (Member) 
  5. Ato EsayasKebede Amare (Member) 
  6. Ato MinassieTadesse Desta (Member) 
  7. AtoYonas Duguma Hunde (Member) 
  8. Ato Dereje Yesuwork Neway (Member) 

Board Secretary: Behailu Tamirat


Board Sub-Committees 


Board Sub-Committees





Audit Committee

 Yetnayet Tesfaye(NMC)

Kemal Mohammed



Risk management & Compliance

Dashen Bank-Asfaw Alemu

Esayas Kebede

Yonas Duguma


Human Resource

Getachew Birbo

Minassie Tadesse

Dereje Yesuwork


 Board Sub-Committee Chairs

  1. Audit Committee:

Chairman: Ato Yetnayet Tesfaye Tadesse (NMC Representative)

2. Risk and Compliance Committee:

Chairman: Ato Esayas Kebede Tessema

3. Human Resource Committee:

4. Chairman: Ato Getachew Birbo Bati 






  HST, Chartered Certified Accounts


Management Team


Management Team:


Ato Yared Mola - Chief Executive Officer 

Ato Zewdu Beyene - Executive Officer, Underwriting 

Ato Astatekie Lulseged - Executive Officer, Claims Management 

Ato Tegegn Masresha - Executive Officer, Marketing & Business Development 

W/ro Woinshet Gosaye - Executive Officer, Finance and Investment 

Ato Alemayehu Merid - Executive Officer, Resource Management 





  Dashen Bank s.c.  Commercial Bank of Ethiopia
        Bank of Abyssinia  Wegagen Bank
  Nib International Bank                 Awash International Bank
  United Bank Abay Bank
  Zemen Bank Bunna International Bank



    Human Resources


Nyala Insurance has qualified, young, motivated and committed staffs. The Company's Human Resource Policy is to follow "Grow Own Trees" strategy and recruit young and dynamic graduate Ethiopians mostly straight from higher learning institutions. 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.

The manpower strength of the Company stood at 279 of which 153 are male while the remaining 126 are female employees. Out of the total employees about 71% of the employees in NISCO have 1st Degree & above and about 80% of the employees are 40 and below 40 years of age.

As it is clearly depicted in the strategic plan, NISCO shall gave top attention on building its internal capacity by recruiting and training highly skilled officers and agents in order to satisfy new and existing customer demand in rural and urban areas. Thus, the company has continued enhancing the knowledge and skill of employees through informal and formal trainings. However, career promotion shall always depend on merit and the right person-for-the job principle only.