News

Ethiopian RE organized Business Partners Seminar in Collaboration with OMAN RE.The seminar was conducted between 7th to 10th of May, 2019 at Marriott Executive Apartments Addis Ababa, Ethiopia. Particiapnts were drawn from seven countries in the subsahara africa region.

The purpose of this training was to learn from practical experiences of participants on the optimization process of a Reinsurance Treaty Program.The objectives of the seminar ,among others, includeed acquainting participants with identification and collection of the information necessary for assessing the performance of an existing Reinsurance program, Identification, collection and analysis of the information necessary for designing an optimal Reinsurance program and application, via online tool, of acquired experience to designing an optimal Reinsurance program.

Ethio-Re as a close partner of the reinsurance and insurance industry has identified gaps in the industry mainly in areas of reinsurance underwriting and organized this workshop to help companies understand the factors influencing underwriting considerations and how they should be approached in the reinsurance context.

During the training, it was also expressed that Ethio- Re will organize successive trainings, experience sharing programs and workshops in the future to develop the underwriting and claims management skill in an attempt to encourage innovation and product development in the insurance industry.

Ethio-Re has successfully organized market training entitled “Underwriting Political Violence and Terrorism Risk” in collaboration with Afro Asian Insurance Brokers and Beazley of London on 4 and 5 April, 2019 Hyatt Regency Hotel, Addis Ababa.

The training was particularly designed to enhance the underwriting and technical knowledge of staff of insurance companies whose primary responsibility involves underwriting Political Violence and Terrorism Risk.

All employees as well as Board of Directors of Ethiopian Re would like to express their deep condolences and prayers to all the families of those who lost their lives on the Ethiopian Airlines flight to Nairobi.

We are all saddened by the death of the 157 passengers and crew members of the Ethiopian Airlines Boeing 737 which crashed Sunday morning. Our thoughts go out to all those affected by this terrible news and would like to offer heartfelt condolences to those who have lost family, friends and loved ones as a result of this tragedy.

Board of Directors and employees

Ethio-Re

30 January, 2019

Award recognizes company’s exceptional commitment to cede treaty business to Ethiopian Re on voluntary basis

Ethiopian Re officially merits The United Insurance Company SC, better known as, <UNIC-ETHIOPIA> for their trailblazing decision to cede treaty business on voluntary basis. The recognition was bestowed by Ethio- Re to the United Insurance for the audacious move to cede businesses voluntarily signifying their determination to contribute a part in strengthening the national venture.