Nib Insurance Company (S.C.) is a Private Insurance Company established in May 2, 2002 by 818 Shareholding members. Nib Insurance is also a sister company of Nib International Bank (S.C.), one of the leading Bank in Ethiopia. By expanding its services and increasing its efficiency, Nib Insurance, in its early age, has emerged as a strong, competitive private insurance Company and is developing a sound portfolio which is demonstrated by a prudent underwriting. The result of its prudent risk management and pre-risk underwriting advice has so far contributed to a loss ratio much lower than the industry average.