Damascus-SANA
In an indication of the expansion of the insurance portfolio of the Syrian General Insurance Corporation, the volume of its investment activity increased during the first quarter of this year to more than five billion and 874 million Syrian pounds, including insurance premiums and compensation, with an estimated increase of three and a half billion pounds over the same period last year.
This indicator comes according to what the Director General of the Foundation, Dr. Nizar Zayoud, confirmed in a statement to SANA, with the achievement of advanced steps represented in contracting with the Military Medical Services Department to provide medical services such as surgical operations and laboratory analyzes in hospitals and military medical centers for health insurance card holders, in addition to seeking to contract with hospitals Police in order to provide a broader insurance umbrella for the insured of the institution.
With regard to the financial and investment aspect, Zayoud explained that the Corporation invested part of its technical reserves, amounting to 20 billion Syrian pounds, by linking short or long-term investment deposits in banks operating according to the best offers, while the implementation rate of its investment plan reached nearly 100 percent.
Zayoud pointed out that the Corporation is now working as an internal reinsurer for private insurance companies and is continuing at the same time the automation of its work, revealing that it is seeking to sign a memorandum of understanding with the hydrocarbons to secure small gas cylinders at an allowance of 100 Syrian pounds, and large ones with an allowance of 200 pounds, and with the industrial cities in Hasya, Adra al-Omaliah and Sheikh Najjar in Aleppo On industrial facilities, laboratories, equipment, life and against fire hazards.
The Syrian Insurance had recently signed a cooperation framework agreement with the Small and Medium Enterprises Development Authority, which includes the institution providing all insurance services on people, property and responsibilities for owners of small and medium enterprises to enable them to take off and succeed in them and provide them with integrated services in order to develop the local community and support the national economy.
Waseem Al-Adawi