Look into the Future, Listen to the Young

Every generation feels that they are unique in some aspect from their parent’s generation. The phrase; “In our day we did things differently,” has been repeated throughout history. In the work place, the challenge is to understand generational differences so that they do not become a breeding ground for confusion, resentment, anger or turnover.

The Ethiopian Health Insurance Agency, a new establishment designed to change the nation’s health insurance platform, is almost ready to launch the first ever health insurance scheme in the country. Its goal is to escalate the health service coverage in order to speed up sustainable health care financing that augments equitable admittance to enhanced health services by means of cross-subsidization.

In the name of liberalization, and because of relatively easy entry barriers, financial institutions have sprouted up all over the country. With just not more than two decades almost seventeen insurers, seventeen banks and thirty one micro financial institutions, of varying capabilities have joined the sector. Among these, state financial institutions most of which emerged from the old planned economy maintain a massive physical presence and top-heavy market share.

Running a business, in most, is about making a profit, so it makes sense that one of the best measures of a company’s performance is its profit margins. Strong profit margins may mean a company is well-run, stable, and making money. A company with healthy profit margins might indicate it is efficient at allocating capital and controlling costs, so it can deliver more revenue to the bottom line. Decelerating earnings growth and contracting profit margins don’t sound like a good performance of financial firms, and they’re not.

Banks and insurance companies operating in Ethiopia came in a sister ship , creating a range of possible areas of blending, which include, among other s, dual investment through share purchase(a lucrative source of investment income for insurers), business reciprocity ( as banks entail tied insurance products to guarantee assets at risk), the sharing of headquarters between sister companies, sharing promotional marketing materials, employees, information technology, ATM machines, and of course bancassurance, to mention a few.