National Insurance achieved revenues of about 95 billion dinars
BAGHDAD Mustafa al-Hashemi
A government insurance sector detailed whatever basic pillar of the economy as one of the financial resources of the non-oil sector supports the budget, in dire need of a mechanism Iraq to alleviate the deficit at the time, through diversification of insurance products of documents for new types of insurance to meet the public need them, such as insurance health risks of terrorism and others.
In this regard, Director General of the National Insurance Company of the Ministry of Finance honest Fadel Silverline said "morning": that the company is seeking to raise their efficiency to higher levels to keep pace with the global development taking place in this area, especially as the country was isolated for the duration of the nineties of the last century for updates that got in this sector.
He stressed that led to obtain gap continued for 13 years, we seek to be bridged through the development of Mlakatna self in our abilities and rehabilitation for making available training and study opportunities for certificates of institutions of specialized universities in the insurance field, pointing to send four staff of the Supreme study at Stanford University in the jurisdiction of the Insurance for the development of the company's business and benefit from their testimony in order to serve the company.
He pointed out that the idea of launching the insurance policy against terrorism and the risks were to meet the needs of the Iraqi citizen subsidy relatives amounts of compensation after the bombings, accidents, stressing that this type of insurance has spread around the world, quoting the Iraqi experience in this area, at a time when the majority of states to refrain from firing such a document to its citizens because of the high risks.
Silverline announced the launch of new types of insurance over the next year the most important family health insurance in addition to the launch of a document to secure shops against the threat of terrorism, referring to the study of the launch of an insurance policy for your transport goods for trucks that pass their way into the hot areas.
The Director General pointed out that the eyes of the world, including reinsurance companies is now heading to Iraq for being square and promising rich strategic projects related to infrastructure, Maittalb activate our activity to restore the company's scattered offices in several countries, which is what we are working on now, especially since the Iraq liberation from the restrictions of Chapter VII.
He saw the stage taking place in Iraq's economy requires reconsideration of paragraph 7 of the Investment 13 Act of 2006 and the freedom of the investor locks on projects inside and outside Iraq, as well as a review of Law No. 10 of 2005 and amended for being granted the right of foreign companies to enter insurance for work in Iraq on projects companies what leads to the exit of money from the country at the time of greatest need Maicon it to expand its financial resources.
And the most prominent achievements of the company since the beginning of this year up to November 30 the Director-General said: "The company achieved premiums for the various types of insurance amounted to 94 billion, 437 million and 350 000 dinars, while the total compensation paid for the same period 39 billion and 941 million and 49 000 dinars.
He said: either on investment investment income amounted to up to October 31 4 billion and 599 million and 310 000 dinars.
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