About Us

We are a leading Reinsurance company in Ethiopia. We help businesses succeed and economies grow by underwriting risk, progress, and opportunity. We are anchored in a strong tradition of service and committed to long-term value, disciplined capital management, and social responsibility.

Built on strong foundations

We are a leading Reinsurance company in Ethiopia. We help businesses succeed and economies grow by underwriting risk, progress, and opportunity. We are anchored in a strong tradition of service and committed to long-term value, disciplined capital management, and social responsibility.

Life is finally looking optimistic to many Africans, Africa rising.

Africa in the world second- largest and second -most –populous continent. It hosts a large diversity of ethnicities, culture and languages. Africa economy- with expanding trade, improving literacy and education, abundant resources and cheaper lab our force –is rebounding and is expected to continue to perform better in the future.

Africa Rising is a team coined to describe the rapid economic growth particularly in sub-Saharan Africa since the turning of the new millennium driven primarily by the strong belief in the inevitability of further, rapid development of the continent. The continent is almost predestined to enjoy a long period of mid to high economic growth rate, manifested through rising incomes and an emerging middle class.

Africa was the world fastest- growth continent at a rate of 5.6% a year, GDP is expected to rise by an average of over 6% a year between 2013 and 2023. Growth has been prevalent almost throughout the continent, with over one- third of   sub-Saharan Africa countries posting 6% of higher growth rates. Several international business observers have also named Africa as the future economic growth engine of the world.

There are positive longer- term trends across Africa all buoyed by what appeared to be high economic growth rates sweeping across the continent. Ethio re as the youngest reinsurance  company stands to immensely benefit from the unprecedented business opportunities brought about by bourgeoning economic performance of Africa, and hence the motto “Rising with Africa”. East Africa as its base, The Company is absolutely committed to provide apposite reinsurance cover for the ever rising and dynamic demand for protection.

Our Mission

Provide dependable reinsurance protection locally and internationally by making available adequate risk capacity by means of highly trained professionals and modern ICT. The Company endeavors to foster market stability, high professionalism and advancing the business of insurance through engaging all players

Our Vision

‘To be the reinsurer of choice in Ethiopia and our chosen market’

Our Core Values

To apprehend our corporate mission and vision, the Management and staff of Ethiopian Re stand for the mnemonic “ETHIOPIAN”:

  • Excellence in service
  • Technology Reliant
  • Honesty
  • Innovation and learning
  • Openness and transparency
  • Professionalism
  • Industriousness
  • Ally the close partner with customers
  • National Icon

The Objectives of Ethio Re

  • Develop adequate capacity aimed at retaining a meaningful portion of ceded risks thereby increasing the capacity of national insurers to take on larger risks with in comfortable margin.
  • Assist the growth of primary insurance business in the country by way of providing technical and advisory backup both in general and long –term insurance.
  • Enhance professionalism in the insurance industry.
  • Mobilize investment funds by making use of collected reinsurance premium.
  • Prevent undue outflow of hard currency.
  • Generate foreign currency through inward reinsurance business.

Our credit rating

B-International

AA -National

Stable outlook