The development of the activity of the National Insurance Company in Iraq for the period 2012-2019

Abstract

The international work environment produced reasons and requirements that prompted to highlight the importance of the insurance sector in economic activities and financial transactions. The research aims to analyze some economic indicators of the National Insurance Company in order to know the ability of this institution to support and supplement the financing activity in the economy, and how much it contributes to the development of the structure of the Iraqi financial and banking system. The hypothesis of the research is that the development of the credit activity of the National Insurance Company makes it a contributor to the development of the local economy and its productive activities. The research problem is that the insurance sector in Iraq in general and the activity of the national insurance company in particular faces several challenges in order to be effective in supporting financing and productive activities, and to be one of the important financing channels in the Iraqi economy. Some of these challenges are related to the general conditions of the Iraqi economy and some are related to the institutional organization of the company's activity. The research found a limitation of the credit and financial activity of the National Insurance Company, which weakens its role in building a real coherent economy.