Syrian insurance market to attract Arab and foreign companies

"The Syrian insurance market is expected to attract giant companies whether from Arab countries or from foreign ones," Minister of Finance Mohammad al-Hussein said Wednesday.

A meeting for the Insurance Supervising Commission, chaired by Minister al-Hussein, approved license application procedures, fixing fees of license, fees of registering insurance companies in addition to approving a decision of insurance agents system.

"The Commission is committed to manage the insurance sector in Syria... today's meeting is an opportunity to review necessary preparations to receive license applications," Minister of Finance told SANA.

He added that the Syrian insurance market enjoys a broad and big interest from Arab and foreign great companies, During the meeting, the Commission adopted a number of decisions regarding the arrangement of the upcoming Syrian insurance market.