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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Finance Minister: We are going to develop the insurance sector

rocky
rocky
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Posts : 202022
Join date : 2012-12-21

Finance Minister: We are going to develop the insurance sector Empty Finance Minister: We are going to develop the insurance sector

Post by rocky Tue 14 Sep 2021, 7:29 am

Finance Minister: We are going to develop the insurance sector

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Finance Minister Ali Abdul-Amir Allawi confirmed the ministry's direction to advance the insurance reality in Iraq, which is one of the important work priorities and one of the joints of the financial sector.
Allawi said in a statement reported by the official "Al-Sabah" newspaper and seen by "Al-Iqtisad News", that "the government insurance sector can be described as good, but it was built on a kind of monopoly, and it requires some measures to develop the joints of its work."
He pointed out that "the private insurance sector suffers from a lack of capital to cover insurance risks, especially since the ministry is working to encourage private insurance companies that have proven their existence, in order to advance the reality of this important financial joint."
He pointed out that "we are working to move the insurance sector in the advisory aspects."
It is noteworthy that there are 42 private insurance companies operating in Iraq. 
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