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Nyala Insurance Share Company (NISCO)

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Nyala Insurance Share Company (NISCO)

Company Information

About Us

Nyala Insurance S.C. (NISCO) was established in 1995 pursuant to the enactment of the Insurance Business Licensing and Supervision Proclamation 85/1994 to engage in the general insurance business with a subscribed capital of Birr 25 million and paid-up capital of Birr 7 million.

Over the course of time, NISCO continued to expand its service offerings, distribution channel, and financial capacity. Accordingly, NISCO resumed its Life insurance business in August 2005 and Micro-insurance service in 2007. Currently, NISCO raised its paid-up capital to 710 million Birr and guarantees protection with care to its customers through three-pronged services – General, Long-Term, and Micro-insurance solutions.

Headquartered in Addis Ababa, Nyala Insurance S.C. operates in almost all regional states in Ethiopia through a network of 46 service outlets (35 Service Centers and 11 Contact Offices) distributed all over the country.

NISCO is one of the leading Insurance Companies in Ethiopia in respect of performance growth and financial position:

 With a strong financial capacity of over Birr 710 million paid-up capital,

 Professional workforce,

 Over 26 years of experience in insurance operations,

 Large and increasing customer base, annual turnover, and amount of risk covered.

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


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