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The Ethiopian Insurance Corporation (EIC) was established in 1 January 1976 by proclamation No. 68/1975 by emerging takeover of the thirteen nationalized private insurance companies liabilities and assets, with birr 11 million (USD 1.29 million) paid up capital. [2] [1] [3] It is state-owned and profitable organization.
Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. Active two wheeler insurance shields the vehicle owner from any unforeseen occurrences like the accident or any serious damage to the motor vehicle.
The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country. [2]
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ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [ 5 ] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [ 6 ]
The Ministry of Trade and Industry was established in August 1995 with the Proclamation No.4/1995 for assignation of powers to the executive organs of the Federal Democratic Republic of Ethiopia. It was reorganized by with proclamation No 619/2003 to amend the Proclamation No 256/2001 structure, with the ministry has power to oversee five ...
The RTA states that its mission is "to ensure the provision of a modern, integrated and safe Road transport services to meet the needs of all the communities for strong and unitary economic and political system in Ethiopia." [2] In doing so they attempt to promote an efficient road service, to coordinate and strengthen the road traffic safety ...
Modern service delivery of transport emerged for the first time during the regime of Emperor Menelik II.After the invading Italian army was driven out of Ethiopia, an office known as "Ministry of Works and Communications" is formed to lead the service of transport and communications by Proclamation No 1/1953 promulgated to define powers and duties of the ministries.