Nyala Insurance S.C. (NISCO)

Nyala Insurance S.C. (NISCO), established in 1995 with an initial capital of Birr 25 million, is a leading insurer in Ethiopia. It began with general insurance and expanded to life insurance in 2005, increasing its paid-up capital to Birr 35 million. Over the years, NISCO has grown significantly, reaching a paid-up capital of Birr 830 million and total assets of Birr 3.8 billion by 2023. With 48 outlets nationwide, the company generated Birr 1.3 billion in premium income and a gross profit of Birr 303.6 million in 2023. NISCO is now embracing digital transformation with its "DigiLeap" strategic plan.

Vision

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

MISSION

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

Core Value

Core value of Nyala Insurance is

• Care with Protection
• Innovation
• Agility
• Prudence
• Being Easy to Do Business With

Nile Insurance offers the following products and services:

1. Personal Line

• General Insurance
• Burglary and Housebreaking Insurance
• Fire and Lightning Insurance
• Plate Glass Insurance
• Personal Vehicle
• Comprehensive Cover
• Compulsory Third Party Liability Cover
• Third Party, Fire and Theft Cover
• All Risk Insurance
• Individual Personal Accident Insurance
• Household Comprehensive Insurance
• Life Assurance
• Individual Term Assurance
• Endowment Assurance Policy
• Children Education Policy
• Anticipated Endowment Policy
• Mortgage Protection Assurance
• Funeral Benefits Policy
• Medical Assurance Cover
• Travel Assurance Policy
• Individual Life Policy Riders

2. Commercial Line

• General Insurance
• Liability Insurance
• Product Liability
• Professional Indemnity
• Public Liability
• Workmen Compensation
• Property Insurance
• Burglary and Housebreaking
• Commercial Vehicles Insurance
• Fire and Lightning Insurance
• Marine Insurance
• Plate Glass Insurance
• Engineering Insurance
• Contractors' All Risk (CAR)
• Boiler and Pressure Plant Insurance
• Erection All Risk (EAR)
• Contractor’s Plant & Machinery Insurance
• Electronic Equipment Insurance (EEI)
• Pecuniary Insurance
• Group Personal Accident Insurance
• Life Assurance
• Group Funeral Benefits Policy
• Group Medical Assurance Cover
• Group Term Life Assurance Policy
• Mortgage Protection Assurance
• Travel Assurance Policy
• Group Endowment Life Assurance Policy
• Commercial Life Policy Riders

3. Agricultural Micro Insurance

• Coffee Plantation Insurance
• Indemnity Livestock Insurance
• Multi-Peril Crop Insurance

4. Diaspora Insurance

This special Insurance covers up to 10, 0000.00 euro, or 13,000.00 USD