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The start of the insurance reform conference in Iraq

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The start of the insurance reform conference in Iraq

Thursday 16 September 2021 138
Baghdad: Hussein Thaghb


Yesterday, Wednesday, the work of the first annual international scientific conference “Insurance Sector Reform in Iraq, Reality Challenges and Future Opportunities” kicked off.

Finance Minister Ali Allawi said in his speech at the opening of the conference, which was held under the slogan (Economic reform is our way to improve the performance of financial institutions), and which concludes today, Thursday: {Insurance in the world represents an important and supportive sector in the process of economic development},

pointing out that {the market Insurance consists of 41 companies, of which 29 are actually operating and 29 are active.

He stressed the importance of developing the insurance environment in Iraq in a clear and transparent manner, and that the role of the state should be an organizer for this sector and a guarantor of the rights of all parties.

He stressed the importance of organizing a media campaign that supports steps to develop insurance performance and raises the insurance culture in the country, especially since insurance has become an industry that provides services to customers and serves Economy}.

In turn, the head of the Insurance Bureau, Israa Saleh, said that {the insurance sector is supportive of all sectors, and it has declined during the past decades due to previous policies, wars and siege, which negatively affected this important sector}. And {Al-Sabah} will deal with extensive details in the issue next.

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