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[Oct 2017] Insurance Premium in Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Insurance Premium production hits Three-Year High

Premium production across the insurance industry has risen at its strongest rate in three years to 7.4 billion Br during the just-ended fiscal year amid price war among insurers.

The latest reports of the insurance industry reveal that all insurers have seen good improvements in collecting gross written premium (GWP) from general and life insurance businesses. The latter has gone up by 6.6pc to 366.4 million Br whereas the former grew by 17pc to seven million Br.

The premium has shown growth despite the intense competition

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