Tag: Insurance
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Vehicle Insurance Policy Against Third Party Risks Premium Tariff and Amount of Compensation Fee Regulation No 554/2024
Establishes the premium tariffs and compensation amounts for third-party vehicle insurance under Proclamation No. 799/2013.
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Vehicle Insurance Against Third Party Risks Proclamation No. 799/2013
This Proclamation established mandatory third-party motor insurance in Ethiopia to protect accident victims, ensuring compensation for death, injury, and property damage.
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Insurance Business (Amendment) Proclamation No. 1163/2019
The 2019 amendments significantly liberalized Ethiopia’s insurance sector by allowing diaspora participation, expanding the insurance ecosystem, strengthening consumer protection, and modernizing the regulatory framework for new insurance models. 5. Maintaining capital controls (no repatriation of proceeds from share sales/dividends)
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Ethiopia Insurance Business Proclamation No. 746/2012
This Proclamation (No. 746/2012) recognizes insurance’s role in economic development through risk coverage, savings mobilization, and financial resource aggregation.