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Claims to activate the insurance locally to reduce the waste of public money
03/1/2018 12:00 am [rtl]To achieve huge financial revenues Baghdad / Mustafa Al Hashemi The Parliamentary Committee on Economy and Investment called on the General Secretariat of the Council of Ministers to address all ministries, independent bodies, local governments, foreign and local banks and public and private companies not to carry out insurance operations outside Iraq in order to save public money from waste. The head of the Iraqi Insurance Association, Abdul Hassan Zeadi, said that "addressing the parliamentary committee reflects its keenness to activate the capital cycle inside Iraq and reduce the waste of funds can be employed in all productive sectors, which would activate the economy of the country and raise it to the level of ambition. Support the development Ziadi noted that " the current stage requires the revitalization of the insurance sector is the most prominent being the areas that support development through its ability to deliver huge revenues from non - oil resources in support of the budget, as well as it contributes to the financing of development projects needed by the country." The insurance sector in Iraq is represented by three government companies (National Insurance Company, Iraqi Insurance Company and Reinsurance Company) and 33 private insurance companies . Insurance locally came Salutation seen by the "morning" (please oblige all federal ministries and independent bodies and local governments, government and private and foreign operating banks inside Iraq not to insurance conduct out of the country on the people and money in Iraq only through national insurance companies or registered within the country ). The letter also called for "obliging the Ministry of Oil to work on the above mentioned in terms of oil licenses, as well as the obligation of the Ministry of Commerce in respect of import and export licenses, and accounting for those who do not abide by it, causing waste of public funds and weakening our national companies ." Securing projects Ziadi saw that " the current situation of the country requires a combination of all efforts to ensure the success of the economic process and the development of the country 's interest above any other consideration , " noting the importance of "reducing the waste of public money of insurance projects through regional and international companies operations may lack the financial solvency enjoyed by companies Iraqi insurance ". Commercial contracts "The implementation of these demands will enhance the reality of the insurance companies and activate competition between all the companies operating in the local market to serve the economic process in Iraq," said Saadoun . "Most of the goods entered are insured outside Iraq," Sadiq Abdul Rahman said in a press statement. "The company comes with its goods insured by Arab or foreign companies and when it reaches Iraq it loses its security and does not believe in fire or other companies." At the time, he demanded that "commercial contracts include clauses requiring insurance and all goods are insured and even workers in these companies are covered by the insurance system ." He pointed out that " Citizens[/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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