Regulatory Alerts2023-12-14
Added · Updated
Directive No. SIB/22/2002 – Licensing of Insurance Surveyors
Directive No. SIB/22/2002 establishes licensing requirements for insurance surveyors, replacing Directive No. SIB/10/1996. Natural persons must be Ethiopian nationals with specific educational or experience credentials, while juridical persons must be fully owned by Ethiopian nationals and organized as general partnerships. Both applicant types must maintain professional indemnity insurance or a property guarantee of Birr 50,000 and pay a license fee of Birr 500. Applicants are prohibited from holding equity interests in insurance companies, broking firms, or loss adjusting firms.