Addis Ababa (February 15, 2018) - Nyala Insurance S.C (NISCO) paid Birr 18.9 million on compensation claims for three corporate customers (Modern Building Industries PLC, AMAGA and Dana Trading PLC) for loss and damages caused by fire.
- Company’s earnings Per share has surged to 539 from 359
Addis Ababa (Dec 5, 2017) - Nyala Insurance S.C (NISCO), one of the best performing insurance companies in the nation, has vastly dominated the Ethiopian private insurance industry in the 2016/17 fiscal year by registering a net profit of Birr 122.2 million, a massive profit margin in the history of the company as well as the nation’s private insurance companies.
Addis Ababa (May 2017) – Nyala Insurance S.C (NISCO) disclosed that it, despite multiple challenges, showed remarkable achievements in amassing significant amount of premiums through enhanced service excellence in the past nine months of the current fiscal year.
Addis Ababa (10th May, 2017) – Nyala Insurance S.C (NISCO) awarded best performing Service Centers in a gala dinner held at Sheraton Addis for their outstanding performances in the overall strategic and operation performances during the 2015/16 fiscal year.
Addis Ababa (May 29th, 2017) – 150 household farmers who lost their harvest due to the shortage of rainfall in Gambella National Regional State, Pimoli district, received Birr 628 thousands as a compensation from Nyala Insurance S.C (NISCO) a month ago.
Nyala Insurance S.C Observes the 3rd Ethiopian Insurance Brokers’ Day
Addis Ababa (May 17, 2017) – The life insurance business in Ethiopia is said to be found at the lowest penetration levels compared with other African nations.