Insurance Business Risk Management Guidelines

The National Bank of Ethiopia's Insurance Supervision Directorate has developed a risk management guideline for insurance companies in Ethiopia, which outlines the minimum practical guidance for managing significant and inherent risk areas. The guideline covers various risks, including credit risk, market risk, liquidity risk, underwriting risk, and reinsurance risk, and provides a framework for insurance companies to develop their own risk management programs and policies to ensure their safety and soundness.