Berhan Insurance S.C.

Berhan Insurance S.C. was established in October, 2010 with a paid up capital of Birr 9.7 Million, under proclamation No. 86/1994. Being initiated by Berhan Bank S.C, the key founding shareholders of the Company were, four hundred fifty five, which comprised influential and well-known investors in the country. The Company has started operation in June, 2011 and currently it is operating through its thirty branches & two contact offices, in which twenty are in Addis Ababa, and the remaining twelve are in Hawassa, Wolaita Sodo, Bahir Dar, Mekelle, Adama, Dessie, Hossana, Shashemene, Arba Minch, Jimma, Dilla & Bishoftu towns. Owing to its successful penetration and promising profitability, the number of company’s shareholders is growing from time to time and has reached over 1,600. Berhan Insurance has successfully managed to fulfill the National Bank of Ethiopia’s paid up capital requirement for both general and life insurance providers in the country and its paid up capital reached at Birr 200 million.