SIB/63/2026 – REQUIREMENTS FOR PERSONS WITH SIGNIFICANT INFLUENCE IN AN INSURANCE COMPANY March 25, 2026

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The document outlines the requirements for persons with significant influence in an insurance company in Ethiopia, as per Directive No. SIB/63/2026 issued by the National Bank of Ethiopia. The directive sets out fit and proper criteria, including knowledge, experience, age, integrity, and financial soundness, that must be met by directors, chief executive officers, senior executive officers, and influential shareholders of insurance companies.