Ethio Re reports 29% surge in reinsurance income for 2023/24 fiscal year
Ethiopian Reinsurance (Ethio Re), the only indemnity organization in the insurance sector, reported a 29% increase in reinsurance income for the financial year.
Established by a combination of public and private enterprises, as well as individual stakeholders in the industry, Ethio Re is the only local provider of additional coverage in the country. In the 2023/24 fiscal year, the company generated 2.2 billion birr in income from both domestic and foreign clients.
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Source: capitalethiopia
@Ethiopianbusinessdaily
Ethiopian Reinsurance (Ethio Re), the only indemnity organization in the insurance sector, reported a 29% increase in reinsurance income for the financial year.
Established by a combination of public and private enterprises, as well as individual stakeholders in the industry, Ethio Re is the only local provider of additional coverage in the country. In the 2023/24 fiscal year, the company generated 2.2 billion birr in income from both domestic and foreign clients.
Read More
Source: capitalethiopia
@Ethiopianbusinessdaily