FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo




Last week, a dramatic disaster unfolded when vehicles parked in a maintenance yard in the Merkato neighbourhood were battered by construction debris. The unfortunate incident hit hard as insurance policyholders watched their dreams of financial security turn into relentless nightmares. The insurance industry is caught in a perplexing bind. Soaring spare parts prices are squeezing profit margins and making it tough to keep premiums affordable, sparking fears of losing customers. Insurers are feeling the heat with motor insurance accounting for about two-thirds of the industry's services. At the same time, policyholders are struggling with underpaid claims and slow settlements, leading to widespread frustration.


PUBLISHED ON Aug 18,2024 [ VOL 25 , NO 1268]

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.



Related Posts

[ssba-buttons]

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

A Bold Tax Reform for A Better System

The federal government has recently implemented a key reform to keep the economic ref...

From Roses to Cutting Flower Exporters Find Fresh Market in Fragrant Foliage

The eucalyptus foliage has brought the floriculture industry, long anchored in roses...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Squeesing Stones for Silver, the State Pulls While Taxpayers May Duck

Aug 9 , 2025

In the 14th Century, the Egyptian scholar Ibn Khaldun drew a neat curve in the sand....

Saplings Should Not Be Rushed Like Election Rallies

Aug 2 , 2025

At daybreak on Thursday last week, July 31, 2025, hundreds of thousands of Ethiop...

Teaching Hospitals Shoulder the Burden While Administrators Count the Beans

Jul 26 , 2025

Teaching hospitals everywhere juggle three jobs at once: teaching, curing, and discov...

In Taxing Aggressively, Fed's Fiscal Reckoning Arrives

Jul 19 , 2025

Parliament is no stranger to frantic bursts of productivity. Even so, the vote last w...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

The Unseen Labour of Love

Every morning, my husband Mike gently wakes me for prayer. After we share that quiet moment, he says, "You should rest more before our daugh...

Reborn Through Betrayal

Last week, my new house helper, only twenty-two years old, shared a story that left me breathless. I found her crumpled on the stairs, sobbi...

Life Matters

Charity in the Rearview

A few days ago, I boarded a crowded taxi where a simple act of charity sparked a spirited debate. A woman handed money to a Syrian refugee,...

Facing the Butcher's Cut

The image remains vivid; standing at the butcher's shop, watching as the order was prepared, and spotting it. A small, unbandaged cut on the...