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Economist calls for an amendment or a new law to ensure
On: Tuesday 09/20/2011 15:13
Baghdad (news) .. ills economic expert Ghazi Kanani causes of the stagnation insurance market in Iraq to double the insurance awareness of the citizen and the bureaucracy of insurance companies for compensation, calling for amendment or a new law for insurance.
Kanani said in a statement to the Agency (news) on Tuesday: that the causes of recession the insurance market in Iraq due to poor awareness of insurance to the citizen than it was in the past and the red tape and bureaucracy in compensation to the insurance companies.
Kanani said insurance companies fails to compensate either disabled citizens affected by accidents, fire and theft.
He noted: the existence of the impossible and long-term take months and years to be compensated, which made citizens alienate them, as well as the security situation unstable, and lack of brokers who promote the insurance companies, which had a big role to earn the public for these companies.
Kanani and stressed the need for an amendment to the Insurance Law, which began in the time of taking Iyad Allawi for prime minister was not well and quoted from the Arab laws must be reconsidered by the new legislation or insurance.
The Kanani A lot of insurance companies at the moment but did not find widespread popularity of its citizens because of the unstable security situation and lack of capital of these companies and the ongoing political crises that bedevil the work of insurance companies in Iraq.
He called economic expert, private companies to merge to become one company or two companies capable of providing large amounts of capital and preference will be given to Iraqi companies and foreign support, although it is small but grow with time.
The private insurance companies and public exercised its business in the former regime has led economic embargo imposed on Iraq for a boycott of international insurance companies for the insurance industry after the fall of the issued Insurance Regulatory Act No. 10 of the year / 2005 / ended up / 8.'s.
M / ..
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On: Tuesday 09/20/2011 15:13
Baghdad (news) .. ills economic expert Ghazi Kanani causes of the stagnation insurance market in Iraq to double the insurance awareness of the citizen and the bureaucracy of insurance companies for compensation, calling for amendment or a new law for insurance.
Kanani said in a statement to the Agency (news) on Tuesday: that the causes of recession the insurance market in Iraq due to poor awareness of insurance to the citizen than it was in the past and the red tape and bureaucracy in compensation to the insurance companies.
Kanani said insurance companies fails to compensate either disabled citizens affected by accidents, fire and theft.
He noted: the existence of the impossible and long-term take months and years to be compensated, which made citizens alienate them, as well as the security situation unstable, and lack of brokers who promote the insurance companies, which had a big role to earn the public for these companies.
Kanani and stressed the need for an amendment to the Insurance Law, which began in the time of taking Iyad Allawi for prime minister was not well and quoted from the Arab laws must be reconsidered by the new legislation or insurance.
The Kanani A lot of insurance companies at the moment but did not find widespread popularity of its citizens because of the unstable security situation and lack of capital of these companies and the ongoing political crises that bedevil the work of insurance companies in Iraq.
He called economic expert, private companies to merge to become one company or two companies capable of providing large amounts of capital and preference will be given to Iraqi companies and foreign support, although it is small but grow with time.
The private insurance companies and public exercised its business in the former regime has led economic embargo imposed on Iraq for a boycott of international insurance companies for the insurance industry after the fall of the issued Insurance Regulatory Act No. 10 of the year / 2005 / ended up / 8.'s.
M / ..
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