Index Based Livestock Insurance: Oromiya Insurance Company’s related products<br />Mitiku Abdissa<br />Workshop on Develop...
Oromia Insurance Company (S.C)<br />          Establishment   ------- 26 January 2009.<br />
Vision<br />To be a leading insurer<br />
Mission<br />Building long-term beneficial relationship with its stakeholders and other business partners<br />Employing, ...
Core Values<br />Respect the public in general and the customer in particular<br />Believe in all dealings to be friendly ...
Capital<br />Authorized Capital Birr---------- 200 million<br />Subscribed capital Birr -----------85 million<br />Paid up...
Co-operative Unions who are Share holder founders of OIC<br /><ul><li>Unions		: 34
Primary Coop.	: 1,665
Members</li></ul>	         Male 		: 1,170,696<br />	         Female	:    97,850<br />		  Total		: 1,268.546<br />
Share of unions‘ in oromia  insurance<br /> Subscriber share 	:  Birr  14.4million<br /> Paid up Share		: Birr  3.637mil...
    Activities made so far<br />Union Forum in Adama, Jimma July 2009 – <br />Seminars         -   Ambo, Woliso, Selalle M...
Stakeholders engagement<br />
    Branch Locations<br />OIC Ambo    - Ambo Farmers Cooperation Union<br />OIC, Adama  - East Shoa<br />Woliso	    -  Sou...
Communication with Partners<br /><ul><li>Elders and Community Leaders</li></ul>     in Gujii and Borena<br /><ul><li>Dairy...
Government Bodies
Non-Shareholder Unions engaged in Livestock
NGO’s in Yabello
Area Survey to update channels in Borena and Guji Zone
Livestock Marketers
Banks  - Cooperative Bank of Oromia in BulleHora and Oromia International Bank Yabello Branches-                Banc assur...
Communication Continue<br />Cooperative Promotion Bureau<br />Oromia Pastoralists Area Development Commission<br />
Upcoming SlideShare
Loading in …5
×

Index Based Livestock Insurance Oromiya insurance company's related produnts

2,133 views

Published on

Presented by Mitiku Abdissa at the Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths, ILRI, Addis Ababa, Ethiopia, 12 July 2010.

Published in: Technology
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,133
On SlideShare
0
From Embeds
0
Number of Embeds
238
Actions
Shares
0
Downloads
18
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Index Based Livestock Insurance Oromiya insurance company's related produnts

  1. 1. Index Based Livestock Insurance: Oromiya Insurance Company’s related products<br />Mitiku Abdissa<br />Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to <br />Drought-related Livestock Deaths<br />ILRI, Addis Ababa, Ethiopia<br />12 July 2010<br />
  2. 2. Oromia Insurance Company (S.C)<br /> Establishment ------- 26 January 2009.<br />
  3. 3. Vision<br />To be a leading insurer<br />
  4. 4. Mission<br />Building long-term beneficial relationship with its stakeholders and other business partners<br />Employing, developing and retaining highly motivated professional team of employees that add value to the company and its customers<br />Building profitability and financial strength suitable to be a lead insurer<br />Practicing fair business ethics and values<br />
  5. 5. Core Values<br />Respect the public in general and the customer in particular<br />Believe in all dealings to be friendly and courteous, as well as fair and compassionate<br />A sense of urgency on any matters related to customers.<br />Customer-driven<br />Believe in change and dynamism.<br />Peruse proactive attitude<br />We are against corruption, conflict of interest and any forbidden conduct<br />Carry out duties and responsibilities in transparent and accountable ways<br />
  6. 6. Capital<br />Authorized Capital Birr---------- 200 million<br />Subscribed capital Birr -----------85 million<br />Paid up capital Birr ---------------30 million<br />Number of Shareholders ----------540<br />
  7. 7. Co-operative Unions who are Share holder founders of OIC<br /><ul><li>Unions : 34
  8. 8. Primary Coop. : 1,665
  9. 9. Members</li></ul> Male : 1,170,696<br /> Female : 97,850<br /> Total : 1,268.546<br />
  10. 10. Share of unions‘ in oromia insurance<br /> Subscriber share : Birr 14.4million<br /> Paid up Share : Birr 3.637million<br /><ul><li>Unions share of paid-up capital can establish </li></ul> an independent General Insurance Company<br />
  11. 11. Activities made so far<br />Union Forum in Adama, Jimma July 2009 – <br />Seminars - Ambo, Woliso, Selalle Meki-Batu<br />Sponsorships - Adama, Federation Meting<br />Unions Day at Adama -<br />Convincing community leaders and government officials around the area.<br />Preparing distribution channels and intermediaries/partners around the project area.<br />
  12. 12. Stakeholders engagement<br />
  13. 13.
  14. 14. Branch Locations<br />OIC Ambo - Ambo Farmers Cooperation Union<br />OIC, Adama - East Shoa<br />Woliso - South, Western <br />Shashemene – Southern<br />Hawassa - Pastoralist<br />
  15. 15. Communication with Partners<br /><ul><li>Elders and Community Leaders</li></ul> in Gujii and Borena<br /><ul><li>Dairy Farmers – Adaa and Selale
  16. 16. Government Bodies
  17. 17. Non-Shareholder Unions engaged in Livestock
  18. 18. NGO’s in Yabello
  19. 19. Area Survey to update channels in Borena and Guji Zone
  20. 20. Livestock Marketers
  21. 21. Banks - Cooperative Bank of Oromia in BulleHora and Oromia International Bank Yabello Branches- Banc assurance.</li></li></ul><li>
  22. 22. Communication Continue<br />Cooperative Promotion Bureau<br />Oromia Pastoralists Area Development Commission<br />
  23. 23. Stakeholders engagement<br />
  24. 24.
  25. 25. The area of our work that related to IBLI<br />We are on the process of insuring livestock and crops e.g Adea and Salele.<br /> We have a network with pastoralist and related partners and made a week assessment around the Borena and Gujji Zone.<br />We have convinced community leaders and government organization about the livestock insurance<br />
  26. 26. Area of work - Continuation<br />We have selected the best distribution channels and intermediaries.<br /> Our banks around Borena and Guji are the only banks closely working with pastoralists<br /> Our company is partly owned by Government, so every gov’t structure will work with us with no cost and language barriers.<br />
  27. 27. Index Based Livestock Insurance may interact with our project in the following ways:<br />Experience sharing<br />Index facilitating<br />Providing materials and information for IBLI<br />
  28. 28. 7. Challenges<br />Convincing pastoralist<br />Sustainability of the project<br />Ownership of the project for long-period of time<br />Infrastructure<br />Communication<br />Culture<br />
  29. 29. Thank you!<br />

×