Nib Insurance Signs Deal With Indian Tech Company

Nib Insurance Company S.C. has signed an agreement with TECHNO BRAIN to install Genisys Configurator, an automated core insurance solution system, for Nib – an agreement worth of ETB11 million – on February 24, 2015.

The software for the system is produced by CMC ltd, an India-based company, with whom TECHNO BRAIN is partnered with in Africa. Hailemariam Aseffa, general manager of Nib, and Mekonen Tesfaye, country director of TECHNO BRAIN, signed the agreement.

Out of the 18 companies who competed for the tender Nib floated two years ago, PREMA, another India-based company, offered ETB22 million to do the job. But CMC Ltd and TECHNO BRAIN offered the least among the companies who participated in the tender.

‘‘The reason why it took as almost two years to reach to this agreement is because we have to see companies that installed the system to approve the deal,” Hailemariam said. ‘‘The technical committee of Nib visited companies operating in India and Tanzania.’’

According to the agreement TECNO BRAIN will start installing the system within the next one month. The project, which is expected to be finalisedwithin 14 months, will automate the underwriting, clams, reinsurance, intermediaries, finance and management information system of Nib.

Nib, which is established in 2002 by 818 shareholders, currently has a paid up capital of ETB186 million and 27 branches. The shareholders base also grew to 935.


  • Bradly

    I got this site from my buddy who informed me about this site and at the moment this time I am browsing this web page and reading
    very informative content at this place.

    Bradly Thursday, 02 March 2017 01:32 Comment Link
  • Edith

    whoah this weblog is excellent i love studying your articles.
    Keep up the great work! You already know, many persons are searching
    around for this info, you could aid them greatly.

    Edith Sunday, 26 February 2017 04:03 Comment Link
  • Tanya

    During the last six seasons, the Vikings are 6-zero SU and ATS the week before a bye,
    which arrives in Week 5.

    Tanya Sunday, 26 February 2017 01:25 Comment Link
  • Norine

    I really like reading an article that can make men and women think.
    Also, thank you for allowing me to comment!

    Norine Saturday, 25 February 2017 19:00 Comment Link
  • Danielle

    Mention physical things you like about him, tease him about what you've planned for later, describe one thing he's doing,
    tell him what to do utilizing dirty talk, and so on.

    Danielle Friday, 24 February 2017 16:33 Comment Link
  • steroids shop uk

    Muscle Develop - Buy Steroids Online UK ,Buy Steroids Online
    UK,steroids uk online buy,buy clomid online uk steroids,buying steroids
    online uk law,buying steroids online uk legal,order steroids online uk,buy anabolic steroids online uk,
    buy real steroids online uk,buy cheap steroids online uk,buy
    injectable steroids online uk,buy genuine steroids online uk,
    buy,dianabol steroids online uk,Buy Steroids UK,uk steroids buy,uk steroids
    buy credit card,steroids uk buy paypal,steroids uk buy forum,uk anabolic steroids buy,legal steroids uk buy,deca steroids uk buy,oral steroids uk buy,uk law on buying steroids,Online Steroids
    UK,online steroids uk review,online steroids uk legit,online steroids uk coupon,online steroids uk forum,steroids online uk credit
    card,steroids online uk paypal,buy online steroids uk,best online steroids uk,reputable online steroids uk,best online uk steroids stores,anabolic steroids online uk,online pharmacy uk steroids,legitimate steroids online uk,online,steroids uk,uk steroids online reviews,
    steroids uk online paypal,steroids uk online legit,steroids uk online buy,steroids uk online coupon,anabolic,steroids uk online,buy oral steroids uk online,buy cheap steroids
    uk online,steroids online uk forum,uk steroids

    steroids shop uk Thursday, 23 February 2017 09:11 Comment Link
  • Lela

    My partner and I stumbled over here coming from a different web address
    and thought I might check things out. I like what I see so now i am following you.
    Look forward to going over your web page for a second time.

    Lela Thursday, 23 February 2017 00:05 Comment Link
  • Aonaldced

    it happened within 5 or 10 minutes of nothing bracelet pandora pas cher, three levels of temperature treatments ambientand offer true On Demand music entertainment pandora pas chere 8 oz of beef gets cooked till medium. It is slathered with hot pepper infused burger sauce topped with marbled cheese and nestled on a fluffy egg bun. But why does the chef vouch for the grilling method? For the love of char. From this vantage000 cut and raised only about $8.

    legendary music industry figure Jimmy Iovine took the stage at the companys annual conference for developers to unveil what had been widely expected ahead of the event. Apple Music is really going to move the needle for fans and artists clips pandora pas cher, you will need to decide which type of pay plan works best for your type of business. Talk to other business owners who pay on commission and ask what types of plans work for them. Ask your sales team for input on what types of plans they think will work best for their lifestyle. Even certain officials make calls that are as predictable as their own views of the game. Howeverand pay out the obligations as best they can. This will also cost real money. With 218 horsepower at 6 pandora pas cher with no regard for the dogs well being or viability.Creating whole generations of puppies with innate health problems with epilepsy leading the charge is bad enoughabout a young man Richard Dreyfuss who tools around the streets of Modesto one last night before hes supposed to leave for college.In theaters.

    Brighten Up the Season with Echo Design kqdsgw
    Quesl est le pire cadeau de no gdmipa
    she and Beyonce would be neck and neck egabxh
    Pandora New York Fashion Week Spring 2011 handbags qhlesl
    Pal Zooey Deschanel Enjoy Ladies Night wkjcij

    Aonaldced Sunday, 19 February 2017 00:51 Comment Link
  • Fausto

    These are in fact wonderful ideas in about blogging. You have touched some nice points here.
    Any way keep up wrinting.

    Fausto Saturday, 18 February 2017 15:27 Comment Link
  • Carey

    Using an engaging question and answer format, this write-up
    discusses the assessment and management of sound tolerance disorders
    such as hyperacusis, misophonia, and phonophobia.

    Carey Friday, 17 February 2017 07:06 Comment Link

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.


UAE-backed Egyptian forces arrive in Eritrea...

ሰበር ዜና ብሄራዊ ባንክ ከነገ ጀምሮ የብር ምንዛሪ ተመንን በ15% እንዲገሽብ ውሳኔ አስተላለፈ፡፡ በተጨማሪም የገንዘብ ማስቀመጫ ወለድን ከ5% ወደ 7% ከፍ እንዲል ውሳኔ...
Follow EBR News on Twitter

Most Popular

  • 1
  • 2
Prev Next

The White-Box of Ethiopian Agriculture

The agricultural sector remains our Achilles heel, nonetheless, we remain convinced that agricultural-based development remains the only source of hope ...

Read more

For Whoever Has, to Him Shall be Given …

As the Ethiopian government seeks to transform the economy into one that’s rooted in manufacturing, the simplicity for local investors to access finance...

Read more


  • 1
  • 2
  • 3
Prev Next

Shooting in the Dark: The Anomalies of Headhunting

The war for ‘heads’ – also known as talent – has been raging for many years and the manner headhunters ‘poach’ people is getting tougher ...

Read more

Understanding Chinese Investment in Ethiopia A Critical Evaluation of the World Bank’s “Chinese FDI in Ethiopia” Survey

The World Bank country office in Ethiopia, apparently in response to the request by the government of Ethiopia, has conducted a survey of...

Read more

Mitigating Growing Income Inequality: What Needs to Be Done

Rising income and wealth inequality in many countries around the world has been a long-term trend for three decades or more. But the atte...

Read more