Abay Insurance S.C. was established in July 2010 in accordance with the licensing and supervision of insurance business proclamation No. 86/1994.The prevailing paid up capital of the company is Birr 603,000,000 and subscribed capital of 1,000,000,000 Birr. Currently, the company is providing General and Long Term (Life Assurance) service under 54 branch offices that operate in different regions of the country. The number of branches will be periodically increased to reach to 69 Branch Offices by 2028/29. The company has registered a remarkable growth since establishment and has managed to build a sustainable and fruitful business relationship with various types of clients having a multitude of activities. The company has a strong financial base and has created a meaningful network with global partners including prominent re-insurers that would easily manage risks of any quantum.