نظام التامين في عقود جولات التراخيص و سوق التامين العراقي

Abstract

In order to activate the Iraqi insurance market and rehabilitate it to keep pace with the development in this field after a long break from the international insurance market, it was necessary to re-study the Iraqi laws and change the practices of insurance business.

The State has drawn up plans to attract capital and investments to implement projects in Iraq through the enactment of the Insurance Regulatory Act No. 10 of 2005, which opened the doors for foreign insurance companies to work in Iraq, so that these companies compete with local foreign companies and national companies

The licensing rounds allowed the contractor, the operator and the subcontractor to obtain financial coverage from local or foreign companies under the said law.