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Finance Minister Ali Allawi affirmed the ministry's direction to advance the reality of insurance in Iraq, and it is one of the important priorities of work and one of the joints of the financial sector.
Allawi said in a press statement, "The government insurance sector can be described as good, but it was built on a kind of monopoly and requires some measures to develop the joints of its work."
Allawi pointed out, "The capital sector to cover insurance risks, especially since the ministry is working to encourage private insurance companies that have proven their presence, in order to advance the reality of this important financial joint."
He pointed out that "work is serious to move the insurance sector in the advisory aspects."
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