Abay Insurance S.C. was established in July 2010 in accordance with the licensing and supervision of insurance business proclamation No. 86/1994.The prevailing paid up capital of the company is Birr 300,000,000 and subscribed capital of 500,000,000. Currently, the company is providing General and Long Term (Life Assurance) service under 31 branch offices that operate in different regions of the country.The number of branches will be periodically increased to reach to 37 by 2020/21.