06 billion Iraqi dinars achieved insurance premiums

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06 billion Iraqi dinars achieved insurance premiums

 

 

         

8/29/2015 0:00 

Encouraged to save for services 

 BAGHDAD Mustafa al-Hashimi 

aims insurance companies to contribute to the development process by providing insurance protection for individuals and encourage savings, as well as employment savings and funds in the aspects of investment available so as to help effectively to the development of corporate earnings through employment insurance revenues and income from of investment activity in exchange for the right of insurance service for members of the community. 

A source in the Iraqi insurance company, said his company has achieved premiums of 60 billion and 370 million and 630 000 dinars in 2014 were distributed between different types of insurance that launched by the company. investment income and added in a statement »Sabah» total investment income earned last year to two billion and 522 million and 865 000 dinars at a time when about two billion and 394 million and 596 000 dinars reached in 2013, rising by 5 percent due to the increased volume of deposits in banks and increase rents for some properties Acharkh.ozkr source volume amounts invested in 2014 by the company 35 billion and 587 million dinars, up by 31 percent from a year 2013.wachar that technical reserves (retained) amounted to 24 billion and 851 million and 320 000 dinars last year, thus achieving an increase of 3 percent from the year that 2013.ivkr The Iraqi insurance company contributions capitals of 28 companies from the mixed and private sector companies amounts degrees, as well as various investments. The total surplus for distribution derived from ongoing operations up to December 31, 2014 amounted to $ 7 billion and 72 million and 517 000 dinars more than the profit target by 34 percent and more of the profit realized for the year 2013 by 46 percent. compensation paid and between the compensation paid to policyholders and beneficiaries constituted the bulk of insurance operations expenses, as the percentage of compensation paid during the last year 32 billion and 481 million and 635 000 dinars, explaining either premiums Reinsurance issued during 2014 amounted to 7 billion and 908 million dinars, and constitute 13 percent of total premiums, an increase of 32 percent on premiums replays the previous year. He said the past year, the teaching assistants share of compensation paid one billion and 76 million dinars, and 3 percent of the total compensation, note that the amount mentioned represents Reinsurers' share of the compensation paid to the governor general insurance only it accounts for 87 percent of the compensation paid general insurance. As for life insurance, the company and the insurance sector of the Iraqi reserves the full amount of insurance and there is no re-corporate Alajunbah.oteks solvency available the company's ability to fulfill its obligations to policyholders in terms of rights of the owners, either financial solvency required reflects the fact that artistic activity of the company, either by 20 percent of premiums retained or 25 percent of the net compensation Althamialah to be less solvency accepted 100 percent, otherwise the company that Tatakz appropriate measures to increase the assets. The solvency acceptable rate of last year's 171 percent, a large proportion indicate financial potential, It was to strengthen the company's capital and reserves growth after actor in the growth of the solvency ratio.

 

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