When Was Insurance Started In Ethiopia. Insurance business in its modern sense in ethiopia started in 1905 when the then bank of abyssinia got underwriting authority in the form of agency for fire and marine insurance business. Profile of insurance companies in ethiopia
Over this period, ethiopian insurance corporation has remarkably grown into a large company in the insurance services industry in the country. Insurance in some form is as old as historical society. Low levels of rainfall have led to the loss of approximately 300,000 livestock in 2017 in the borana zone of the southern oromia region.