About Lucy Insurance
Establishment: Founded in 2012 with 39 visionary shareholders.
Financial Growth: Grew paid-up capital from Birr 8,035,000 to Birr 160.2 million by June 30, 2023.
Shareholding Base: Increased to 564 shareholders, indicating substantial growth potential.
Compliance: Met National Bank of Ethiopia’s directive, raising paid-up capital to Birr 75,000,000 for general insurance.
Headquarters: Owns a headquarters building located at Haya Hulet, offering convenience and stability.
Branch Network: Operates 35 branch offices, including 28 city branches and 7 outlying branches.
Workforce: Provides employment opportunities for over 280 skilled employees.
Vision: Aims to become one of Ethiopia’s top five private insurance companies by 2030.
Mission: Dedicated to offering dependable insurance services and engaging in lucrative investments.
Core Values: Upholds values such as impartiality, teamwork, innovation, responsiveness, partnership, excellence, commitment, trust, and trustworthiness.
Address and Contact Information
Main Branch: Opposite to Capital Hotel next to WARYT, Addis Ababa, Ethiopia
Phone: 0114-67-17-84 / 7363
Email: CEO@lucyinsuranceet.com
Board of Directors
- Tesfaye Boru (Dr.) – Chairman, Board of Directors
- Destalem Fitwi – Vice Chairman, Board of Directors
- Demisse Tafesse – Director
- Getachew Abera – Director
- Kelemu Sinke – Director
- Simon Mechale – Director
- Solomon W/Yohannes – Director
- Tekeste Desta – Director
- Wende Wedajo – Director
Executive Management Team
- Adefris Wesene – Chief Executive Officer
- Negede Worku – Deputy CEO, Operations
- Yodit Yimer – Director, Marketing & Business Development
- Adissu Fekadu – Director, Underwriting & Branch Operations
- Esayas Assefa – Director, Finance & Investment
- Rediwan Abdulshikur – A/Director, Human Resources and Logistics
- Solomon Zelalem – Manager, Legal Services
Annual Reports
Please visit https://lucyinsuranceet.com/http-lucyinsuranceet-com-documents/
