Life Report

Product Insurance Market Reports Life Rev Ethiopia

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Ethiopia's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Ethiopia's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Ethiopia

The Ethiopia life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Ethiopia.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Ethiopia and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Ethiopia’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Ethiopia is available.

Axco’s report describes the regulatory framework that applies to the Ethiopian domestic life insurance sector, including whether non-admitted insurance is permitted in Ethiopia; as well as the legislation necessary to know regarding Ethiopia’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Ethiopia with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Ethiopian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Ethiopia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Ethiopian pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Ethiopia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Ethiopia Life and Benefits Report Extract

Below are brief extracts of information from the Ethiopia Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Ethiopia's life insurance market is very small. Over 90% of insurance premium is written by non-life insurers. Nevertheless, the life market has been growing consistently over the last few years, but growth remained below the rate of inflation. Premium income amounted to ETB 360.1mn (USD 13.11mn) in 2017, an increase of 8.1% compared to 2016.

Nine companies are licensed to underwrite life insurance; all of these insurers are composite ....


Ethiopia does not have a sophisticated private sector pensions industry.

The Public Servants Social Security Agency (PSSSA) provides pension facilities for government employees. Since 2011, all private organisations have been required to register with the Private Organizations Employees Social Security Agency (POESSA) and Ethiopian nationals employed by private organisations in Ethiopia must join the Private Organizations Pension Fund ....


The long-awaited full launch of a national health scheme by the Ethiopian Health Insurance Agency (EHIA) had not taken place as of 2018 but there have been some local pilot projects. The first Health Sector Development Plan (HSDP I) was introduced in the 1990s and was followed by HSDP II and then HSDP III. Plans for large scale recruitment and training were put in place and certain nationwide priorities were established including family planning, disease control and immunisation initiatives. Civil unrest in 2016 and a state of emergency further delayed implementation of many ....

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