Central National Insurance granted loans by insurance cover
BAGHDAD - Mostafa Hashemi
confirmed National Insurance Company willingness to grant insurance cover for loans the central bank's 5 trillion dinars allocated by specialized government banks (real estate, industrial and agricultural, as well as the Housing Fund). Productive projects and director of the company Sadiq Abdul Rahman in a statement to the morning that the insurance company national, and within its insurance actor in the economic process, is able to secure the loan amounts allocated by the central bank (UNCDF) and housing. The central launched earlier economic development initiative to get the economy moving through the allocated amount of 5 trillion dinars specialized government banks. The Director General pointed to The national insurance company is able to cover the kinds of dangers various insurance documents and agricultural engineering such as insurance, fire and auto, life and health of individuals and others. And on the work of the National Insurance sector in the country and its role in the economy, the Insurance Association (an organization of civil society organizations with a membership of civil insurance companies) are discussed and looking at the monthly meetings of ways of enhancing the reality of insurance through posed problems and obstacles and to seek to find effective solutions that fit the current stage and economic conditions of the country. Problems and obstacles to that draw the annual report for the private 2014 the company that there are problems and obstacles encountered the work of national insurance companies, including non-renewal of many as a document of the public sector because of the failure to approve the budget at the time, as the company has lost a number of documents in the three provinces. He said that the compensation paid amounted to 46 billion and 350 million and 981 000 dinars for 2014, compared to compensation amounted to 34 billion and 485 million and 453 000 dinars for the year in 2013, an increase of 34 percent, adding that the reason for the increase is the payment of compensation airlines incidents of Iraq. The report said that the volume of investments in 2014 amounted to 100 billion and 692 million and 816 000 dinars, and Homnkhvd from the previous year by 22 percent, indicating that investment in 2013 amounted to 129 billion and 485 million and 495 000 dinars, explaining that the reason for the decline is due to a reduction in the volume of deposits.
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