መሪዎች Join us in this enlightening episode featuring Yared Mola, the dynamic CEO of Nyala Insurance S.C.! With over 27 years of experience in the insurance industry, including remarkable leadership at the Ethiopian Insurance Corporation, Yared Mola has transformed Nyala Insurance into the most profitable private insurer in Ethiopia over the past seven years. In this episode, Yared Mola dives deep into crucial topics, including: - The meaning of insurance and how it works - The importance of having insurance and its impact on individuals and businesses - A step-by-step guide through the insurance process - Insights into the Ethiopian insurance sector's potential and challenges - An overview of Nyala's services and the demographics of their users Discover how Yared's exceptional leadership and vision earned him the 'CEO of the Year' award from the African Insurance Organization (AIO) for his extraordinary contributions to the industry in 2019. Tune in as he shares valuable insights from his executive journey and offers advice for anyone interested in the insurance world. This episode is packed with essential knowledge you won't want to miss! Don't forget to like, subscribe, and hit that notification bell for more incredible content! 00:00 - Introduction 02:24 - Opening 03:31 - How he gets into the insurance sector 04:12 - Nyala Insurance and other experiences in the sector 08:45 - Begining of Insurance in Ethiopia 10:16 - Current context and usage of insurance in Ethiopia 16:07 - Types of insurance 22:07 - Misconception in Ethiopia about insurance 25:13 -the potential of the insurance sector 30:40 - Digitization of insurance in Ethiopia 33:55 - Insurance policy 34:31 - The number of banks in Ethiopia and what it means to the growth of the insurance sector 36:42 - The lack of awareness on life insurance 46:01 - Customer acquisition 54:38 - service pricing 59:15 -Risk assessment 01:02:01 - Re-insurance providers in Ethiopia 01:09:39 - Insurance brokers 01:11:51 - Lack of insurance for delivery companies 01:16:17 - Mobile phone insurance 01:21:49 - Becoming a CEO 01:30:48 - Customer acquisition vs customer satisfaction 01:36:29 - Management style 01:40:21 - What are the next steps for the insurance sector 01:48:30 - Tax 01:51:52 - Opinion on the floating policy 01:57:31 - Painful experience 02:00:37 - Daily Routine 02:04:34 - Wisdom and life lessons Social Links https://www.linkedin.com/company/meripodcast/ https://www.tiktok.com/@meripodcast https://twitter.com/MERI_Podcast https://www.instagram.com/meripodcast/ https://t.me/MERI_PODCAST https://youtube.com/@Meriwoch?si=yIpJ3byprnVNwKi1 Copyright Notice for Meri Podcast: All rights reserved. The content featured in this podcast is protected by copyright laws. Unauthorized reproduction, distribution, or modification of any portion of this podcast is strictly prohibited. For permission to use our content, please contact us at meripodcastet@gmail.com Thank you for respecting our copyright.