Africa Insurance Company (AIC) is a privately owned Professional Insurance Company established in 1994 in accordance with the Licensing and Supervision of Insurance Business Proclamation No.8/1994, and the commercial code of Ethiopia. The Corporate Motto Committed to Excellence and Quality Services has been adapted immediately on commencing its operation, as a guiding principle in all aspects of AIC’s activities. The capital base AIC utilizes makes it the Strongest Private Insurance Company in the Country.

As of June 30, 2024, the Company’s workforce has grown to 368 employees, reflecting its sustained expansion over the years. AIC’s business has developed significantly, reinforcing its role as a sector pioneer that has contributed meaningfully to the growth of the insurance industry and the broader financial sector.