Oromia Insurance Company (S.C)

2. Oromia Insurance Company (S.C) Establishment ------- 26 January 2009.

3. Vision To be a leading insurer

4. Mission • Building long-term beneficial relationship with its stakeholders and other business partners • Employing, developing and retaining highly motivated professional team of employees that add value to the company and its customers • Building profitability and financial strength suitable to be a lead insurer • Practicing fair business ethics and values

5. Core Values • Respect the public in general and the customer in particular • Believe in all dealings to be friendly and courteous, as well as fair and compassionate • A sense of urgency on any matters related to customers. • Customer-driven • Believe in change and dynamism. • Peruse proactive attitude • We are against corruption, conflict of interest and any forbidden conduct • Carry out duties and responsibilities in transparent and accountable ways

6. Capital • Authorized Capital Birr---------- 200 million • Subscribed capital Birr -----------85 million • Paid up capital Birr ---------------30 million • Number of Shareholders ----------540

7. Co-operative Unions who are Share holder founders of OIC • Unions : 34 • Primary Coop. : 1,665 • Members Male : 1,170,696 Female : 97,850 Total : 1,268.546

8. Share of unions‘ in oromia insurance  Subscriber share : Birr 14.4million  Paid up Share : Birr 3.637million • Unions share of paid-up capital can establish an independent General Insurance Company

9. Activities made so far • Union Forum in Adama, Jimma July 2009 – • Seminars - Ambo, Woliso, SelalleMeki-Batu • Sponsorships - Adama, Federation Meting • Unions Day at Adama- • Convincing community leaders and government officials around the area. • Preparing distribution channels and intermediaries/partners around the project area.

10. Stakeholders engagement

12. Branch Locations • OIC Ambo - Ambo Farmers Cooperation Union • OIC, Adama - East Shoa • Woliso - South, Western • Shashemene – Southern • Hawassa - Pastoralist

13. Communication with Partners • Elders and Community Leaders in Gujii and Borena • Dairy Farmers – Adaa and Selale • 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 assurance.

15. Communication Continue • Cooperative Promotion Bureau • Oromia Pastoralists Area Development Commission

16. Stakeholders engagement

18. The area of our work that related to IBLI • We are on the process of insuring livestock and crops e.gAdea and Salele. • We have a network with pastoralist and related partners and made a week assessment around the Borena and Gujji Zone. • We have convinced community leaders and government organization about the livestock insurance

19. Area of work - Continuation • We have selected the best distribution channels and intermediaries. • Our banks around Borena and Guji are the only banks closely working with pastoralists • Our company is partly owned by Government, so every gov’t structure will work with us with no cost and language barriers.

20. Index Based Livestock Insurance may interact with our project in the following ways: • Experience sharing • Index facilitating • Providing materials and information for IBLI

21. 7. Challenges • Convincing pastoralist • Sustainability of the project • Ownership of the project for long-period of time • Infrastructure • Communication • Culture

22. Thank you!