Insurance Bureau for "Economy News: The merger project of the national and Iraqi companies still exists



Logo of the Iraqi General Insurance Company

Date Added 12/07/2017

Economy News Baghdad:

The insurance company confirmed on Wednesday that the merger of the two state-owned and state-owned insurance companies is still in place.

"The Iraqi insurance company and the National Insurance Company have made good achievements over the past few years and their work is somewhat similar, so the proposal to merge them still exists," Sadiq Abdul Rahman, head of the insurance bureau, told Al-Iktissad News.

"The integration of the two companies will give impetus to their work as a single company through a strong financial balance that can accomplish many tasks," he said, noting that "the merger reduces the slack in the government sector, as well as increasing the capital of the two companies in a way that enhances the chances of granting insurance coverage not Especially compensation. "

The insurance sector in Iraq comprises three government insurance companies (National Insurance, Iraqi Insurance and Reinsurance, as well as 33 private companies).

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