|
|
|
What
is New |
 |
|
|
|
|
|
|
 |
|
|
|
|
International Experts Conduct a Workshop at EIC
|
|
A workshop organized by Munich Mauritius Reinsurance
Company has been conducted by two renowned experts,
Mrs. Regina Linder and Mr. Ashok Prayag, on the topics
Enterprise risk management, strategy finding and implementation
and capital adequacy and capital models on May 28
and 29, 2009 at EIC’s auditorium.
Ato Shiferaw Feyissa, A/D/Managing Director, Operation’s
Division reads the message of Ato Getachew Yisma,
A/ Managing Director of the Ethiopian Insurance Corporation,
addressed to the workshop.
|
|
|
|
| |

|
|
|
|
|
|
|
|
|
|
Partial view of the participants |
|
|
|
|
|
|
|
|
|
|
It
was stated in the message that the workshop was expected
with great pleasure and keen interest to be conducted
by the higher experts. Having expressed EIC’s gratefulness
to Mr. Junior Ngulube, the CEO of Munich Reinsurance Company
of Africa, |
|
|
|
|
|
|
|
|
|
|
Mrs. Linder and Mr. Prayag for taking their time to
arrange the workshop, he underscored that the workshop
helps the EIC’s staff to gain a practical knowledge
on designing, implementing and monitoring strategic
planning and management process.
The workshop
was attended by over 50 job grade ten & above Management
members. His Excellency, Ato Messai Girma, Chairman
of the Board of Management of EIC and other members
of the board of management have also attended the workshop.
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ethiopian Insurance Corporation has officially opened
its 38th and 39th branches at Shire Endassellassie
and Semera.
The opening of Shire Endasellassie branch was held
on February 8, 2009, the branch was officially opened
by the North Western Tigray Zonal Administrator Mr.
Michaele Abreha.
Shire Endasellassie is a city in North Western Part
of Tigray regional state.
|
|
|
|
| |

|
|
|
|
|
|
|
|
|
Official opening ceremony of Shire branch |
|
|
|
|
|
|
|
|
In
related news the Corporation also officially opened
its 39th branch at Semera, the capital city of Afar
regional state.
The occasion
was took place in the presence of his Excellency Mr.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
| Official
opening ceremony of Semara branch |
|
|
|
|
|
|
|
|
Mohammed
Tahiro vice president of the Afar regional state. The
ceremony was also attended by other invited guests and
top management of the Ethiopian Insurance Corporation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
The Public Financial Enterprises Agency has appointed
Mr. Getachew Yisma, as Acting Managing Director of
the Ethiopian Insurance Corporation as of February
12, 2009.
Mr. Getachew Yisma has received his BA in Economics
from Addis Ababa University in 1982 and ACCA in 1995.
He has 29 years of experience. He has also attended
different trainings at home and abroad.
Mr. Getachew
Yisma who has started his carreer as Assistant Auditor
in Audit Service Corporation and served there for
18 years, and in Plan International
|
|
|
| |
|

|
|
|
|
|
|
|
|
|
|
|
|
|
Mr. Getachew Yisma |
|
|
|
|
|
|
|
|
|
|
|
6
years, joined Ethiopian Insurance Corporation in 2002
G.C as an Audit Division Manger.He also served
the Corporation till his promotion date as Deputy Managing
Director of Finance and Investment Division.
In other
related news the following top management team has been
appointed in |
|
|
|
|
|
|
|
|
|
|
their
respective position starting from February 14th, 2009;
Mr. Shiferaw
Feyisa, Acting DMD, Operations Division,
Mr. Getnet Aberra, Acting DMD, Marketing Division,
Mr. Solomon Alemayehu, A/ DMD Human Resource Management
& Property Administration Division,
Mr. Kedir
Bedewi, A/ DMD Finance & Investment Division,
Mr. Fistum G/Selassie, A/ Manager, Legal Services, and
Mr. Abreham Shiferaw, Manager, Reform Programme, Organization
and Methods Service
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
EIC conducts two Seminars
|
|
Ethiopian Insurance Corporation has conducted two
seminars at Cmbolcha and Mekelle for its clients on
February 12th and 15th, 2009 respectively.
The Corporation conducted the seminar with the aim
of briefing about the insurance covers it provides
and obtain a feed back
|
|
|
|
| |

|
|
|
|
|
|
|
|
|
Some of the participants (Combolcha) |
|
|
|
|
about its service from the customers and use it as an
input.
The participants
came from 75 different organizations. They also raised
questions which they want to be clear with and gave
valuable suggestions. |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
The 4th Round “MEDIN 10 km ROAD RUN”
Takes place
|
|
The Medin ten kilometers road run which is organized
by the Addis Ababa Athletics Federation in collaboration
with the Ethiopian Insurance Corporation every year
took place on Sunday, January 18, 2009 for the fourth
time. The event which is fully sponsored by the Ethiopian
Insurance Corporation made its start and finish infornt
of the head office of the corporation.
|
|
|
|
|
Hundreds
of athletes who represent clubs of different organizations,
sub cities, educational institutions and individual athletes
took part in the race. |
|
|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
Participants of the race ( partially) |
|
|
|
|
It was learnt that in organizing this event every year,
the Ethiopian Insurance Corporation has the objective
of motivating athletes who have the potential inorder
to maintain the country’s success in the athletics
area. That the Corporation, in its 33 years of existence
in the insurance industry, has made a great contribution
in assisting the sports activities in general and the
athletics sport in particular. |
|
|
|
|
|
|
|
|
|
|
|
 |
| |
|
|
|
EIC
Conducts Seminar for Major Clients
|
|
Ethiopian Insurance Corporation has conducted two
days seminar with major clients of the Corporation
from Dec. 30-31, 2008, at the corporation’s
auditorium.
The seminar was aimed at consolidating the knowledge
of clients with regard to the insurance policies they
purchased from the Corporation.
The A/ Managing Director of the Ethiopian Insurance
Corporation, Alemseged Abraham in his opening speech
stated that “the comments and feedbacks from
|
|
|
|
|
our
customers pertaining to our service provision will serve
us as a big asset for the fundamental changes we are undertaking
in the Corporation.” |
|
|
|
|
|
|

|
| |
|
|
|
|
| |
|
Mr. Alemsegeddelivering opening speech |
|
|
| |
|
|
|
|
|
|
Some of the themes that are discussed in the seminar
are: the concept of risk, meaning, coverage and exclusions
in life, fire, bond, burglary, motor, machinery breakdown
insurance policies.
The seminar
was provided by insurance professionals of the Corporation
who have long years of experience in the Corporation.
The Ethiopian
Insurance Corporation gives major clients seminar twice
a year in Addis Ababa.
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
EIC
Graduates 51 Sales Agents
|
|
The Ethiopian Insurance Corporation has graduated
51 sales agents on 6 December 2008 at the Corporation’s
auditorium.
The training was given to the sales agents for a
month at the Ethiopian Financial Studies Academy on
the basic concepts of life and non life insurance
policies.
The representative of the trainees on his part state
that “the training has created adequate understanding
regarding the basics of insurance”.
|
|
|
|

|
| |
|
|
| |
Mr. Alemseged handing a certificate for one of the trainees |
|
| |
|
|
|
|
Mr. Alemseged Abraham A/Managing Director of the Ethiopian
insurance Corporation after handing over the certificate
for the trainees said that the training is aimed at
raising the awareness of the public pertaining to insurance
policies and expanding the Market share of the Corporation.”
The training
was provided by EIC staff members who have long years
of professional experience in the industry
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
Sales
agents take Refreshment Training
|
|
As per the directive of the National Bank of Ethiopia,
EIC offered refreshment training for 130 sales agents,
branch sales heads, and sales coordinators from 2nd
to 4th of December 2008 at the Corporation’s
auditorium.
The training was aimed at updating the knowledge
of the trainees regarding new insurance policies and
marketing strategies designed by the corporation.
|
|
|
|

|
|
|
|
|
|
|
|
Mr. Alemseged Abreham delivering opening speech |
|
|
|
|
|
|
|
| |
Mr.
Alemseged Abraham, A/ Managing Director of the Ethiopian
Insurance Corporation in his opening speech
|
|
| |
|
|
|
|
|
|
said that the Corporation is conducting a business process
reengineering in a bid to provide speedy, flexible and
customer oriented services.
The three
day refreshment training was mainly focused on quality
services provision and customer care service. |
|
|
|
|
|
|
 |
|
|
|
|
EIC
settles 4 million birr claim
|
|
The Ethiopian Insurance Corporation settled marine
insurance claim worth of 4,076,469.13 to Ethiopian
Sugar Development Agency on October 8, 2008 at the
Agency’s conference room.
The damage is occurred due to the penetration of
water inside the cargo while the sugar is on board.
|
|
|
|

|
|
| |
|
|
|
|
Ato Alemseged Abraham handing a check worth 4,076,469.13 |
|
|
|
|
|
|
|
|
Ethiopian Sugar Development Agency Director, Mr. Belay
Dechassa after receiving the check from Mr. Alemseged
Abraham, Managing Director of the Ethiopian Insurance
Corporation has appreciated the prompt service rendered
to them by EIC and promised to further strengthen &
maintain a good business relation ship with the Corporation.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
EIC
gains 78.2 million birr profit
|
|
|
|
|
|
The Ethiopian Insurance Corporation procured 78.2
million birr profit in 2007/08; the A/ Managing Director
Mr. Alemseged Abreham disclosed during the 22nd Annual
management meeting held from 29-30 August 2008.
Mr. Mesai Girma, Chairman of Board of Management
of the Ethiopian Insurance Corporation, officially
opened the Annual Management Meeting.
According to the corporate report presented by the
acting managing director, EIC registered 17.8 percent
higher profit than it gained last year.
EIC underwrite
a premium of 541.1 million birr from newly sold and
renewed policies. Mr.
Alemseged
|
|
|
|
in the corporate
report he presented at the opening session of the two
days conference said that the above revenue was obtained
from 28,121 newly sold policies and 34,320 renewed policies.
This is an increase of 18.9 percent or 86 million birr
compared to what was planned previously.
Out
of the total revenue collected by the corporation 496.5
million birr was obtained from non life insurance out
of which 47.8% of the income was procured from the private
sector.
During
the fiscal year the corporation paid out 231.1 million
birr claims. Currently the Corporation’s
total asset raised to 1.1 billion birr. According to
the corporate report, motor insurance claimed the largest
share of the claims paid followed by aviation, fire
and life
insurances.
Mr.
Alemseged said the Corporation has planned to introduce
new insurance |
|
|
|
policies in tune with the demand of the customers
and to revise some of the existing ones. To this end
credit insurance and student safety insurance policies
are newly introduced and some amendments made on public
liability policy.
Finally,
the 22nd executive general assembly examined the corporation’s
performance of the previous fiscal year and conducted
a discussion on 2008/2009 plans.
|
|
|
|
|
|
|
Mr.
Mesai Girma, addressing the meeting
|
|
| |
|
|
|
|
|
|
|
 |
|
|
|
|
Ethiopian
Insurance CorporationConducts Training on
Basic Principles of Insurance Practice
|
|
Ethiopian
Insurance Corporation has conducted a training on
principles of insurance & practice for its legal
service employees from August 18-22, 2008 in the Corporation’s
auditorium.
The objective of the training was to customize the
attorneys and other legal service employees with the
insurance principles and practice.
|
|
|
|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
While the training was in progress |
|
|
| |
Moreover,
the training was planned to refresh the employees knowledge
on the policies
of the Corporation provides. |
|
|
|
|
|
|
|
|
The participants also briefed on insurance related Ethiopian
laws.
The training
was given by well experienced insurance professionals
of the Corporation.
All the
department heads, attorneys, legal liaison officers
and clerks have participated in the training.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
Ethiopian Insurance Corporation conducted a one day
training on the Business Process Reengineering at
the Corporation’s auditorium on July 18, 2007.
The training was attended by more than 60 participants
including Mr. Mesay Girma, EIC’s Board of Management
Chairman, Mr. Alemseged Abraham, A/ Managing Director
of the Corporation, Board members, top management,
as well as employees selected from different divisions,
services & main branches.
|
|
|
|
The
main purpose of the training was to familiarize the
reengineering team
more with the business process reengineering concept.
The
trainer, Mr. Bezabih G/Yes Director, Civil Service Office
at the ministry of Capacity Building underlined that
reengineering in its true sense must be fundamental,
radical & dramatic in improving achievements.
It
is also learnt that one of the aims of the reengineering
process is to integrate |
|
|
|
several
jobs or tasks that were done fragmentally in different
work units of the organization into process thinking
approach. |
|
|
|
|
|
|
|
|
|
Participants
of the training, partially |
|
| |
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
The Ethiopian Insurance Corporation conducted major
clients seminar on June 26, 2008 at the Corporation’s
auditorium.
The seminar was focused on the fundamental procedures
pertaining to underwriting and claim settlement of
the life insurance policies. Moreover, it aimed at
raising the awareness of customers with regard to
the basic requirements that should be fulfilled by
customers while claiming benefits from the policy
purchased.
|
|
|
|
Mr.
Alemayehu Tefera, Deputy Managing Director, Operations
Division stated that life Insurance sector in Africa
has not grown significantly due to various reasons.
He further added that utmost effort should be made to
raise the awareness of the public regarding the benefits
of this particular insurance policy.
There
were 50 participants from government, non-government
organization and private companies.
|
|
|
|
|
| |
Participants
of the seminar, partially |
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
 |
| |
|
|
EIC
settles claim for Ethiopian Tourist Trade Enterprise
|
|
|
|
|
|
The Ethiopian Insurance Corporation settled fire
Insurance claim worth of 3,526,139.52 to Ethiopian
Tourist Trade Enterprise for the damage occurred on
victory Department store, on June 18, 2008.
The Acting Managing Director of the
Ethiopian Insurance Corporation, Mr. Alemseged Abreham
while settling the claim
|
|
|
appreciated
the assistance and cooperation rendered by the
workers of Ethiopian Tourist Trade Enterprise while
conducting survey after the fire accident. He added
that “our Corporation has demonstrated its reliable
partnership by settling the claim promptly.”
Mr.
Assefa Guya General Manager of the Enterprise on its
part said that we have benefited from the cover we bought
from EIC.
|
|
|
|
|
|
|
|
|
 |
|
|
|
EIC
conduct Training on Engineering Insurance and Claims
Management
|
|
The Ethiopian
Insurance Corporation has conducted a training on
engineering insurance, consequential loss and claims
management for its staffs starting from June 2- 7,
2008, at the Corporation’s auditorium.
Mr. Shiferaw
Rufe Acting Deputy Managing Director , Marketing Division
in his opening speech stated that “.....today
we all witnessing the building of infrastructure that
include the construction of big hydroelectric dams,
and power stations, sought to generate electric power
for our country and also major road constructions
that facilitate the economic activities.” Further
more he noted that it is only the
|
|
|
|
|
knowledge in insurance.
Mr. Alemayehu
Tefera Deputy Managing Director Operations Division
in his closing remark indicated that the participants
of the training are expected to share the knowledge
they have got from the training to their colleagues.
Additionally, he stated that as knowledge workers we
should always updated ourselves by reading and using
modern technology.
It was
learnt that participants of the training were deputy
main branch managers and outlying Department heads.
|
|
|
|
|
|

|
|
|
|
|
|
|
some
of the participants of the training |
|
|
accomplishment
of these projects which add value to our economic
growth.
The
critical point in insurance service according
to Mr. Shiferaw is the moment of truth when the
insurer is expected to settle a claim. Therefore,
to exceed the expectation of our customers it
isessential to continuously update our |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
| |
EIC conducts
a one week training for its executives in the Corporation's
auditorium.
The training
entitled with "Management of strategic issues
for insurance executives" is held from May 5
up to May 9 2008.
As Mr. Alemseged Abreham, Acting Managing Director
of EIC remarked in his opening speech. indicated that
EIC conducted the training with the objective of enabling
its executives identify, formulate and implement new
strategies required under the emerging competitive
market; and, develop
|
|
|
|

|
|
|
|
| |
while
the training is in progress |
|
|
|
|
|
|
|
|
an
integrated management perspective including marketing,
finance, staff development, information technology and
planning for improved results in launching strategic
actions
The training
was offered by two experts Mr R. Venugopal, (Professor
of life Insurance) and Mr. R. Quiser, who came from
National Insurance Academy of India.
The Corporation's
Board members, Top managements, main branches and department
managers has participated in the training. |
|
|
|
|
|
|
|
|
|
|
|
 |
| |
|
|
|
EIC
Graduates 26 sales agents
|
|
The Ethiopian
Insurance Corporation has graduated 26 sales agents
on 8 April 2008 at the Corporations auditorium.
The training
was conducted at Ethiopian Financial Studies Acadamy
for 26 trainees on the fundamental concepts of life
and non life insurance policies.
The representative
of the trainees Mrs. Roman Tegegn emphasized the importance
and necessity of raising the awareness of the public
|
|
|
|

|
|
|
|
|
|
Mr.
shiferaw Rufe handing over
a certificate for one of the graduates
|
|
|
pertraing to insurance policies which is at its
nascent stage. The trainees also pledged to exert
their utmost effort to be successful in their
activities. |
|
|
|
|
|
Mr.
Shiferaw Rufe Acting Deputy Managing Director, Marketing
Division in his statement on the graduating ceremony
expressed that the sales agents should play a prime
role in enlightening the public about the importance
of life and non life insurances.
The training
was offered by professionals from the Ethiopian Insurance
Corporation who have a long years of experience in the
insurance industry..
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
EIC
upgrades Metu & Mizan Teferi
Contact Office to Branch III
|
|
|
|
|
|
|
|
|
The Ethiopian Insurance Corporation has upgraded
its Metu & Mizan Teferi contact offices to Branch
III level as of 16 February 2008.
This is due to the fact that the investment activity
in Metu & Mizan Teferi area is proliferating from
time.
|
|
|
|
Mr.
Alemseged Abreham, in his speech during the ceremony
expressed that the Corporation is highly committed to
work in proximity with its customers at the grass root
level.
Mr. Dagnechew
Shiferaw, Elu Aba Bora zone Administrator, Mr. Alemseged
Abrahm Acting Managing Director |
|
|
|
of
the Ethiopian Insurance Corporation, invited guests,
clients and other top management members of the Corporation
has attended the upgrading ceremony.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
Ethiopian
Insurance Corporation opens a new Branch
|
Ethiopian Insurance Corporation has inaugurated its
37th branch at Bishoftu (DebreZeit) city some 45kms
away from the capital Addis Ababa on Feb. 2, 2008.
Ato Alemseged Abrham, A/Managing Director of Ethiopian
Insurance Corporation in his opening remark said that
the opening of this branch is part of the Corporation's
market development strategy.
He further noted that the Corporation is striving
to satisfy the insurance needs of the society by producing
new types of insurance covers and opening new branches
to serve the society with a better proximity.
|
|
|
|
|
|
| |
The
inauguration ceremony |
|
| Bishoftu
is well known for its lakes which serves as local and
foreign tourist attraction. Recentley Bishoftu becomes
the industrial city where many factories, dairies, horticultrial
enterprises are built. |
|
|
|
|
|
|
|
| |
|
His
Excellency Ato Diriba Tura, Mayor of Bishoftu city,
top management of EIC, customers and invited guests
have attended the inauguration ceremony.
|
| |
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
 |
|
|
|
EIC
Conducts Third Annual 10km Run
|
|
|
|
|
|
|
The Ethiopian Insurance Corporation in collaboration
with the Addis Ababa Athletics Federation conducted
the third annual 10km road run 0n 27, January 2008.
The Competition was held in both sexes between athletes
who came from different schools, sub cities; clubs
and athletes by their private capacity.
In the competition between the clubs in group, Omedla
and Getazeru has won in the females & males category
respectively.
|
|
|
|
|
|
men's
participants of the competition, partially |
Arada Sub city won the competition between sub
cities both in the females & males category.
Wondirad and Medhanealem Secondary High Schools
won in females and males category respectively.
|
|
|
|
|
| |
|
women
participants |
The Corporation's top management hand the award
for the winners in each category. It was learnt
that 1,246 athletes in both sexes were participated
in the competition.
|
| |
|
| |
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
The Ethiopian Insurance Corporation has appointed
two acting deputy Managing Director and one service
manager.
Mr. Aberham Shiferaw and Mr. Shiferaw Rufe are appointed
as acting Deputy Managing Directors of Human Resource
Management and Property Administration and Marketing
Division of the Corporation respectively as of January
15, 2008. Mr. Solomon Alemayehu is appointed as Manager,
Legal Services as of January 15, 2008.
Mr. Aberham
Shiferaw has received his Degree in Political Science
and International Relations from Addis Ababa University
and Diploma in Law from Ethiopian Civil
Service College.
|
|
|
|
|
|
 |
Mr.
Shiferaw Rufe |
Mr.
Abreham Shiferaw |
He has also attended short term trainings pertaining
to insurance business. Abraham has been serving
in EIC for the last two decades in various managerial
positions.
Mr.
Shiferaw Rufe has B.A degree in Management and
Business Administration from Addis Ababa University.
He also acquired short-term trainings in the
field of Insurance
|
|
| |
|
|
|
|
|
Mr.
Solomon Alemayehu |
|
and served in EIC for the last 26 years in different
managerial posts.
Mr.
Solomon Alemayehu has received his L.L.B degree
from Addis Ababa University and attended Management
and Business Administration courses in Asmara
University for a couple of years. He worked
in EIC for the last 21 years in different Managerial
positions.
|
|
| |
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
Ethiopian Insurance Corporation has started issuing
the "EMERGENCY TRAVEL HEALTH INSURANCE".
The Corporation starts issuing this policy based on
the agreement it has signed with a German Insurance
Company called RS Reise-Schutz AG. The Policy covers
almost all facilities a traveler required for his/her
health while abroad. The premium of the policy is
based on the duration the policy is taken and the
price is very attractive.
|
|
|
|
The
benefits the Emergency Travel Health Insurance Provides:-
-
Emergency treatment by a doctor;
- Treatment
& medication prescribed by a doctor for the insured
person as a result of an accident or sudden acute
illness;
-
Hospital treatment on a general/not private/ ward
without optional benefits, as a result, including
surgery which cannot be postponed;
|
|
|
|
| |
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
EIC
Foot ball club lift double cups
|
|
|
|
|
|
Ethiopian Insurance Corporation's foot ball club
lift two cups in the year 2006/07 both in youths and
teenagers group which is being prepared by Addis Ababa
Foot Ball Federation.
The teenagers team played its final game on Sunday
June 11, against Rohayezing. The winning goal was
scored on 50th minute. The team has completed the
year with out defeat which reflects its strength.
"We have done all what should be done to be a
champion, so that we receive what we deserve"
said the coach after the game.
On the
other side, EIC's youths foot ball club secure the
champions ship two games remaining to complete the
league, which shows a supreme victory of the team.
|
|
|
|
|
|
|
 |
award
ceremony |
|
EIC's
youth team |
|
| |
The
leader of both EIC teams, coach Yared, 28, titled "the
coach of the year" by Addis Ababa Foot Ball Federation
for his double cup winner ship in the year.
"Such
kind of delightful victory is the result of our team
effort, the players are very young, they have potential
to play for long period of time which is an indicator
of EIC's bright future in the premier league in which
we |
|
|
can back
EIC's football club supremacy like the one that was
super in 1980's" said the young coach.
EIC's
Sport Association president Mengistu Meharu, on his
part said "EIC has played a vital role for the
growth of national football, Ethiopia's football history
is an evidence for this, the Corporation is still
making unrestricted effort for the development of
foot ball sport & this will continue."
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
EIC
conducts a Seminar for major
clients(June 21, 2007)
|
|
|
|
|
|
Ethiopian Insurance Corporation conducted a seminar
exclusively for major clients on 21st June 2007 on
the Corporation's auditorium.
The seminar is held to create a common understanding
on underwriting & claims procedures & documents
required in respect of life and non-life classes of
business with the executives of Corporate Customers.
Mr. Tesfaye Alemu, Deputy Managing Director for Marketing,
explained in his opening speech that it is the Corporation's
responsibility to make customers aware of the working
procedures of the Corporation.
Moreover,
the purpose of the seminar is to create a two
way communication and get constructive
|
|
|
|
|
|
|
Participants
of the seminar partially |
|
|
| |
ideas from the participants which the Corporation can
use as inputs for the Business Process Reengineering
studies, which are under process in the Corporation.
There
were about 50 participants who came from governmental
organizations, non-governmental |
|
|
|
organizations
and private sector.
Ethiopian
Insurance Corporation prepares such type of seminars
at least five times in a year to create common understanding
on the contents of different types of insurance covers
available to the market and underwriting and claims
procedures of the Corporation.
|
|
|
|
|
|
|
|
|
 |
|
|
|
EIC
conducts a Seminar on Floriculture
Insurance Policy(June 18, 2007)
|
| |
|
|
|
|
EIC conducts a seminar on floriculture insurance
policy to floriculture investors, financers and Staff
of the Corporation on June 18, 2007 at the Corporation's
auditorium.
Mr. Tesfaye Alemu, Deputy Managing Director for Marketing,
in his opening speech at the seminar pointed out that
the objective of the seminar is to enlighten customers,
potential customers and the financer about the risks
related to floriculture, the risk management methods,
and the types of cover available under floriculture
insurance.
He also
said that, "The floriculture insurance, which
is part of
|
|
|
|
The
seminar on progress |
agricultural
insurance, is mainly designed to give proper cover
to floriculture. ... Hence, as public company we always
worry about the protection provided to these floriculture
investments in case of occurrence of unexpected loss
".
It is
also learned that Ethiopian Insurance Corporation
will continue working on creating awareness about
|
|
|
|
the floriculture insurance both for the potential
customers and financers as long as these investments
get proper insurance protection.
The explanation on floriculture was given by Mr.
Andries Mahlase, agricultural specialist from Munich
Re Africa Limited. Mr. Andries in his presentation
mainly dealt with agricultural insurance in general
and floriculture insurance in particular.
Considering the great economical & social contribution
of floriculture industry in Ethiopia, Ethiopian Insurance
Corporation is the pioneer in producing the proper
insurance policy for floriculturalists.
|
|
|
|
|
|
 |
| |
|
|
|
|
|
|
Eic
provides seminar on benefits of insurance and prevention
of trafic accidents for Anbessa City Bus employees(June
12, 2007)
|
|
|
|
|
The Ethiopian Insurance Corporation offered a one
day seminar for 60 Anbessa City Bus Service Enterprise
employees on the benefits of Insurance and prevention
of traffic accident on 12 June 2007, in collaboration
with Traffic Control & Inspection Department of
Addis Ababa City Police Commission .
Mr. Tesfaye Alemu, Deputy Managing Director of Marketing
Division in his opening address stated that the Corporation
is exerting utmost effort to minimize traffic accidents
by working in collaboration with relevant government
offices and this seminar is part and parcel of these
continuous efforts.
The seminar
was provided from Ethiopian Insurance Corporation
side by Mr. Mitiku Abdissa & Mr. Debebe Tamene
,
|
|
|
|
|
Manager,
North Western Main Branch & Principal Motor Expert
respectively about the benefits of insurance.
They offered
a succinct explanation about the use of motor, workmen's
& personal accident policies in view of raising
the awareness of the participants about their rights
& obligations.
In the
same vein, Sergeant Daniel Tadese and Assefa Mezgebu
|
|
|
|
| Ato
Tesfaye Alemu delivering opening speech |
|
who were
delegated from Traffic Control & Inspection Department
of Addis Ababa City Police Commission discussed the
root causes of traffic accident and their consequences,
as well as suggested remedies to prevent traffic accident.
The participants
have also pinpointed the cardinal problems that they
encountered in their day to day traffic activities.
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
The
Corporation settles a claim amounting birr 21.5 million
|
|
|
|
|
|
The Ethiopian
Insurance Corporation paid a claim to the Ethiopian Electric
Power Corporation for a damage at 'Melka Wakena' power generation
plant.
The Managing
Director of the Corporation, Mr. Tewodros Tilahun while
issuing the cheque worth 21.5 million birr said that, "Our
Corporation has repeatedly shown its partnership for the
developmental and investment activities by providing different
types of
|
|
 |
|
Ato Mihret Debebe,
General Manager of the Ethiopian Electric Power Corporation,
on his part stated that "this compensation payment
witnesses that Ethiopian Insurance Corporation is the most
dependable and competitive Company." He further expressed
that the Ethiopian Electric Power Corporation is a long
standing customer of EIC and this prompt and speedy reaction
of EIC would strengthen the relationship between the two
Corporations.
|
| |
Handing
over a check |
|
| |
insurance
covers and prompt claim service at time of loss." |
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|