Yesterday, 08:09 AM
Finance : Insurance sector supports the growth of Iraq's economy
Tomorrow Press / Baghdad :
confirmed the Ministry of Finance, on Wednesday, that the insurance industry contributes to and supports economic growth in Iraq, and showed that the insurance sector in Iraq during the past years in relative participated in supporting the country's economy .
The head of the insurance in the ministry and agency, Faisal Manhal's " tomorrow Press " , it " the insurance sector is not only in Iraq, but in all countries of the world, the main Alrkiz in tackling the financial crisis and to help overcome them, as in the event in different as America countries " ,
pointing out that " this sector has positive returns not only for the country , but to his audience of citizens, because it is a guarantee of their rights and the preservation of their property .
" He added manholes that " the insurance sector in Iraq during the past years in relative participated in supporting the country's economy, but in light of the current conditions of the country and to raise awareness of this sector is contributing to growth the country's economy and participation in the support by pooling reserve funds are available and ready to contribute .
" He predicted Manhal " increase the believers in the three ministry companies and the private sector through increase registered on the insurance sector and those who felt that maintaining their properties is through insured in the various sectors ( Agricultural Engineering and individuals land, sea and air transport and other ) , as well as recent events experienced by some markets and houses in various provinces .
" The insurance sector in Iraq three government insurance companies, are all from the National Insurance Company, the Iraqi and the insurance company, and the company re-insurance, along with 29 insurance companies civil and branches of foreign companies to secure .
Founded Insurance Bureau and derived his powers under the Insurance Regulatory Act of 2005 , which is an independent body headed by the Chief of Staff is responsible for determining the policies and procedures College of instructions insurance business, also defines the Court to be on the institutions and companies to apply standards and commitment and take action against them that do not adhere to those standards .