Proposals for the revitalization of the insurance sector in Iraq

by **Rocky** Wed 28 Dec 2016, 2:34 am

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Proposals for the revitalization of the insurance sector in Iraq

by Rocky Wed 28 Dec 2016, 2:34 am

Proposals for the revitalization of the insurance sector in Iraq

28/12/2016 0:00

[rtl]BAGHDAD / Mustafa al - Hashemi ,
despite its important role in economic and social life and moving the work on a large scale market, but the insurance industry is still suffering a decline in his joints did not lead its real role for him who found economic processes and to maintain the continuation of the economy move.
He suggested concerned the affairs of insurance lamp Kamal steps aimed at increasing the deployment of insurance awareness among the public and inform them of the importance of insurance in public life, stressing at the same time that the Insurance Bureau is obliged to carry out its role in the field of increasing public awareness as stated in Article 6 - Item / 4 of Regulatory Act insurance business for the year 2005, which was devoted to the insurance Regulatory and supervision, develop and secure the market open, transparent and financially secure, and compile national savings and development and investment to support economic development, and the Court to do for the sake of increasing insurance awareness and conducting studies of insurance and research and printed.
He noted Kamal, in an extensive interview with the "morning" dealt with various issues in the field of insurance, the need to be with the Board of Insurance and the Iraqi Insurance Association, which represents insurance companies, a special program to deploy the insurance culture.

Focused campaigns
and said that the deployment of the insurance culture is through the media and advertising intensive campaigns, and the presence of specialist consultants in insurance matters and raise their level, along with the need to upgrade the technical skills of lawyers who specialize in the interpretation of insurance contracts, and residents of assets for insurance purposes, and Alkashifan the dangers presented to Toman.oiberz the role of insurance companies in the accumulation of capital employed in addressing the economic effects of the dangers that are in compensation for economic losses incurred by state institutions, installations and companies and individuals and expose them to the risk of the unexpected.
Kamal pointed to the need for an insurance magazine , electronic or paper, especially after the cessation of the magazine (insurance message) late eighties of the last century, as well as do weekly or monthly campaigns, as needed, to promote specific insurance products.
Some blame the low insurance awareness to the Iraq war - Iran 's 1980-1988 Iraqi invasion of Kuwait in 1990, can also be added to years of international sanctions from 1990 to 2003, which contributed directly to the erosion of income citizens and the impoverishment so buy insurance protection has become a luxury can afford only a few of them, as well as 2003 and its repercussions.
He hinted that the insurance awareness we see weak attendance or absent when major incidents, may have repercussions insurance, Kaanlal "Daesh" of the conductor, and the terrorist bombing incident in Karrada, Oohawwadt bombing / explosion of a number of oil wells.
And the need to move the insurance companies when developing projects with the laws of its insurance as a bill the effects of the Iraq National Oil Company, for example, and the project of reconstruction and development of Iraq Fund Act. The insurance sector is absent when the general budget preparation.

Media communication
and the presence of a press office or media in all insurance companies is an urgent need that these offices required that there is effectively the insurance companies and the Assembly and the Court , and has ties to continue ongoing with various media, especially the economic ones to facilitate the organization of a certain effectiveness require communication with the public, industrial and commercial companies, governmental and non - governmental circles.
The insurance sector in Iraq , three insurance companies and government are both, National Insurance Company, the Iraqi and the insurance company, and re - insurance company, along with 29 companies belonging to the private sector to secure the two branches of insurance companies Ojunbah.oodhav The insurance is almost absent in public life only through buy a small percentage of the population of insurance documents, a subject worthy of looking it, pointing out that the awareness of other institutions of the modern state is not limited to insurance but also what can be called consciousness
Aldharaba.uan the best solutions for the revitalization of the insurance sector in Iraq ,saw Kamal said the development of professional staffs and getting rid of excess employment, and improving the level of knowledge among workers and others not directly lead to the recovery of the insurance sector, unless there is a real demand for an effective (subsidized cash the ability to purchase). A proposal to make some types of insurance mandatory for companies automatically creates a demand for insurance, such as insurance on the fire and explosion , which affects buildings. (After the study, we can also benefit from the experiences of other countries in the Arab and Western worlds). And like that for insurance on the lives of workers with spreading the concept of the social responsibility of employers.
He pointed out that some calls to make health insurance compulsory for certain categories, as well as insurance and medical liability, insurance hospitals liability, and professional liability insurance for pharmacists, engineers and other professionals, stressing that such solutions lead to increase the size of the insurance activities underwritten by corporate
insurance .[/rtl]

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Proposals for the revitalization of the insurance sector in Iraq

Proposals for the revitalization of the insurance sector in Iraq

Proposals for the revitalization of the insurance sector in Iraq

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