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The National Insurance Corporation of Eritrea (NICE), which was established in 1992, has come a long way to become an organization of great reputation. It has three operation centers, Asmara (Head Office), Massawa, and Assab, and markets its services through a network of agents across the entire country and globe.
NICE, the only insurance corporation in Eritrea, gives life and non-life insurance services and believes strongly in the virtues of reinsuring insurances. Reinsurance is a case where multiple insurance companies share risk by purchasing insurance policies from other insurers to limit their own total loss in case of disaster. The goal is to ensure that no insurance company has too much exposure to a particularly large event or disaster. ....

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