Awash Insurance S.C.

Awash Insurance was established in 1994 with 456 shareholders and a paid-up capital of Birr 4.8 million, making it one of Ethiopia's pioneering insurance companies following the liberalization of the financial sector. In its first year, the company achieved a 20% return on paid-up capital, and its Gross Written Premium (GWP) steadily grew over time. With a solid foundation and a commitment to excellence, Awash Insurance continues to innovate and deliver customer-centric, digitally advanced solutions with a personal touch.

Vision

To be the leading and most dependable insurer of choice.

MISSION

Awash Insurance exists as a trusted insurance partner for all stakeholders, by delivering value and financial security through innovative, customer-centric solutions and excellent customer service.

Core Value

Core value of Awash insurance is "Awash"

• A - Agility
• W - Winning Spirit
• A - Adaptability
• S - Social Responsiveness
• H - Harmony.

Awash Insurance offers the following products and services:

• General Insurance
• Life and Health Insurance
• Travel Insurance
• Salaam Takaful

1. General (Non-Life) Insurance

• Motor Own Damage Insurance: Provides protection for your vehicle and third parties against risks such as accidental collisions, vandalism, theft, and fires. It covers financial liabilities, including third-party legal liabilities.
• Carrier's Liability: Covers loss or damage to goods being transported, from the moment they are loaded onto the carrying vehicle until delivery. This insurance applies during transit and protects goods against named perils.
• Burglary and Housebreaking Insurance: Compensates for property theft or malicious damage after forced entry or break-ins. It also covers the costs of repairing damages caused during the theft or housebreaking.
• Inland Transit Risk: Covers loss, destruction, or damage to goods during land transit, including transport by truck, train, or other land conveyances. It also covers goods temporarily stored during the course of transit.
• Plate Glass Insurance: Protects against accidental damage to fixed plate glass and mirrors at the insured premises. This policy is ideal for businesses with glass installations that enhance their premises’ aesthetic appeal.
• Fire and Lightning Insurance: Covers loss or damage caused by fire or lightning. The policy includes damages caused by water used to extinguish the fire, fire brigade actions, or damage during property removal due to fire hazards.

2. Life and Health Insurance

• Term Life Assurance: Affordable protection, benefits paid upon death during policy period, available individually or in groups.
• Endowment Life Assurance: Combines protection and savings, provides lump sum after policy term, builds cash value after 2-3 years.
• Whole Life Assurance: Permanent protection, premiums for limited or lifetime, builds cash value after 2-3 years, used for family protection.

3. Travel Insurance

• Travel Protect Plans: Coverage based on region, including Africa, Asia, Israel, Europe, and worldwide (excluding country of residence).
• Students Travel Protect Plans: Coverage for students in Europe (Schengen Area included) and worldwide (excluding country of residence).

4. Salaam Takaful

• Salaam Takaful is a Shariah-compliant insurance based on mutual cooperation, where policyholders share risks to protect each other. It promotes community welfare and trust in Allah while alleviating hardship through collective responsibility.