17% of Iraqis are covered by insurance
Thursday, 07 13 2017, Category: Insurance and Reinsurance, Country: Iraq
It seems that Iraq despite its large resources is stall far away from insurance, which is considered to be the priority of advanced economies. This lack of interest applies to both the government and the Iraqi citizen. Until today only 17% of Iraqis use insurance according to the statistics of specialists despite the efforts of government-owned and private insurers to develop this business.
There are 3 governmental insurance companies in Iraq (National insurance company, Iraqi insurance company, Iraqi Reinsurance Company) in addition to 33 private insurance companies.
Source: Al Ghad