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.

1. Index Based Livestock Insurance: Oromiya Insurance Company’s related products Mitiku Abdissa Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths ILRI, Addis Ababa, Ethiopia 12 July 2010

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

8. Primary Coop. : 1,665

9. Members Male : 1,170,696 Female : 97,850 Total : 1,268.546

11. Activities made so far Union Forum in Adama, Jimma July 2009 – Seminars - Ambo, Woliso, Selalle Meki-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.

12. Stakeholders engagement

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

16. Government Bodies

17. Non-Shareholder Unions engaged in Livestock

18. NGO’s in Yabello

19. Area Survey to update channels in Borena and Guji Zone

20. Livestock Marketers

22. Communication Continue Cooperative Promotion Bureau Oromia Pastoralists Area Development Commission

23. Stakeholders engagement

25. The area of our work that related to IBLI We are on the process of insuring livestock and crops e.g Adea 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

26. 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.

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

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

29. Thank you!