An invitation to open offices for insurance companies in the border ports

An invitation to open offices for insurance companies in the border ports



6/17/2017 0:00

Enhance the capital cycle locally
Baghdad / Mustafa al - Hashemi
has a number of Iraqi private insurance companies the ingredients for success because of its ability to cover risks along with the enjoyment of good financial solvency , which qualifies them to compete with state companies in opening up to the outside world by setting up offices at border crossing points in order to bring money to Iraq and promote the local capital cycle.
In this aspect , the President of the Iraqi Insurance Association Abdul Hassan Ziadi called for strengthening the national economy through the opening of offices for private insurance companies in the border outlets to enhance the recruitment of money from abroad to stimulate domestic capital cycle.
He Ziadi told the "morning" that the insurance is a detailed head of the joints of the country 's economy and a tributary of national income requires the concerted efforts of all sectoral bodies to ensure the success of the economic process.
He pointed out that Article 22 of the law regulating the insurance business for the year 2005 was awarded the right to the insured metaphor officially open branches throughout the Republic of Iraq.
He continued in line with the Platform for the government to activate the role of the private sector, the current stage requires the provision of facilities to open in securing Iraq 's border outlets and offices according to the controls so as to enhance the chances of equal competition.
He Ziadi that the opening of offices for private insurance companies enhances the chances of competition with government counterparts, noting that the move will greatly help in the absorption rate of unemployment which would revive the national economy through the operation of manpower at border crossing points, pointing out that it would also It supports the entry of the insurance sector in the economic process through the revitalization of the insurance business.
He noted that the presence of offices of insurance companies , there would attract companies , and urges them to resort to insurance companies in Iraq for the purpose of insurance on its property and gives money to the public treasury of the country.
He Ziadi that Iraq in the ESCWA, which seeks to stimulate economic and social development in member countries and regional integration between the Arab region and other regions member, stressing the need to adhere to international standards in this aspect, especially as the goal is to maximize financial revenues from non - oil sectors.
ESCWA comprises 18 Arab countries in Western Asia are all of Iraq, the Hashemite Kingdom of Jordan, United Arab Emirates, Bahrain, Tunisian, Syria, Sudan, Oman, Palestine, Qatar, Kuwait, Lebanon, Libya, Egypt, Saudi Arabia, Morocco, Mauritania , To whom.

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