Egyptian Minister of Industry and Commerce (Yahya Mutawakil) each to support the government initiatives to develop the economy of Yemen and the introduction of modern methods to help the regional economy and its integration with the world. Mutawakil, and in his speech before a crowd of businessmen and foreign ambassadors in the co-insurance engineering symposium, organized by the company over the two days of collaboration with the insurance company (Arig) Bahraini insurance, pointed to the government's efforts in cooperation with insurance companies to improve the insurance sector, and to exercise a greater role in support the national economy and to commit stakeholders (governmental and private) Nien threw the implementation of all relevant, and to encourage local insurance companies in return for it to improve their performance and provide excellent services, despite the difficulties faced by him.
Motawakil and considered the establishment of the United Company (Insurance Engineering) initiative that could open the horizons for the development work of the insurance, and contribute to economic activities in general and especially the service sectors, and expressed hope for further cooperation between all the insurance sector to give more care and attention, pointing at the same time that the size of the insurance market in Yemen is still limited and did not meet the ambitious goal, insurance and engineering is one of the unfamiliar species in Yemen.
He urged the Minister of Industry and Trade insurance companies to expand as it addresses the provision of safe Biip engineering projects for the protection of the risk, calling on the Ministry of Works to carry out a greater role in the insurance sector through the adoption process engineering insurance to insurance companies, local saying that, according to the benefit of the parties involved and prevent the carrying Project financial burdens and bear the consequences of physical damage to the government and contractors result of such errors.
Mutawakil warned the insurance sector remained unchanged, if adopted, a new perspective based on strengthening the capacity of insurance companies in the creation of elements and reasons for assistance in the process of growth and increasing demand through awareness and good marketing, and addressing the imbalances and weaknesses in the insurance market and insurance companies of the existence of a small capital and low, Apart from the urgent need to review the insurance laws and regulations to fit with the recent developments of the insurance industry.
The Director of United Insurance (Tariq Abdul-wide) has noted in his opening remarks for the symposium to establish a company of the symposium is to strengthen its role in society, it is not just marketing to the extent that aimed to establish a culture of insurance which will contribute to the protection of society, expected to work to increase the Symposium scientific and practical skills for those involved in various projects, as well as reduction of the stalled project and the resulting financial burdens and bear the consequences of damage to various government and contractors, as well as to protect the contractors and engineering companies of potential risks, and creating insurance awareness among all relevant actors need to activate Qguanien insurance compulsory for all types of insurance.
He said that the adoption by the insurance company for a seminar of engineering, comes within the framework of its prevention and precautionary cover all the risks faced by different types of insured property and the nature of the work, in addition to being the first of its kind in Yemen, and is at the forefront of the areas that are of great importance, especially to ensure (the dangers of contractors), which includes covering the risks during the implementation of construction projects, engineering, and to cover damage caused to the machinery and equipment.
For his part, Undersecretary of the Ministry of Public Works and Roads (Abdel-Wahab Governor) to establish proof of the symposium on private-sector interest and participation in the course of development, blessed by the United set up the symposium, which he said "will contribute to raising the awareness of engineering and consulting companies to reduce the risk, noting that" Engineering insurance Ihoudy with great interest in the construction sector ", expressing at the same time, the ministry's application of construction contract and consulting services between the parties executing the projects included the necessary insurance on projects to reduce the risk and investment protection.
The representative of the Higher Committee for Tenders (Fawzi Mujahed) the relevance of the symposium, "In light of the evolution of development projects and active role," referring to the urgent need for the dissemination and development of the engineering concepts of insurance markets in order to create a comprehensive insurance service economy and contribute to the State's plans for social protection, to the remarkable Government's vision that "the view that the contractors of construction projects all give serious thought to the activation of this type of insurance to the motivation to implement the projects and not to consider insurance as a document to complete the official papers to the use of special permits for projects and engineering insurance premiums are low compared with the capital project.
As he (the struggling) the reasons for the decline in the application of engineering to the lack of insurance awareness of the importance of contractors, and the limited number of insurance companies that provide this type of insurance, and exaggeration in the price of insurance for contractors and consulting offices, the representative of the Yemeni General contractors (Ahmed Asbahi) insurance companies to reduce insurance rates and to facilitate Tammelth, as investors and encourage them to go to pay the insurance companies, asking them to reconsider the problems that sometimes occur during the process of compensation and for a shift from some of the compensation in full, which is considered an obstacle to the deal with insurance companies.
Asbahi called stakeholders in the Government to prepare a study for a new bill to make insurance mandatory on projects. The events included a seminar in the first day, reporting that the definitions of the United Insurance Company to review by the light of mourning Business insurance and engineering conditions of the insurance, in addition to the insurance application form and ensure all the risks.
Motawakil and considered the establishment of the United Company (Insurance Engineering) initiative that could open the horizons for the development work of the insurance, and contribute to economic activities in general and especially the service sectors, and expressed hope for further cooperation between all the insurance sector to give more care and attention, pointing at the same time that the size of the insurance market in Yemen is still limited and did not meet the ambitious goal, insurance and engineering is one of the unfamiliar species in Yemen.
He urged the Minister of Industry and Trade insurance companies to expand as it addresses the provision of safe Biip engineering projects for the protection of the risk, calling on the Ministry of Works to carry out a greater role in the insurance sector through the adoption process engineering insurance to insurance companies, local saying that, according to the benefit of the parties involved and prevent the carrying Project financial burdens and bear the consequences of physical damage to the government and contractors result of such errors.
Mutawakil warned the insurance sector remained unchanged, if adopted, a new perspective based on strengthening the capacity of insurance companies in the creation of elements and reasons for assistance in the process of growth and increasing demand through awareness and good marketing, and addressing the imbalances and weaknesses in the insurance market and insurance companies of the existence of a small capital and low, Apart from the urgent need to review the insurance laws and regulations to fit with the recent developments of the insurance industry.
The Director of United Insurance (Tariq Abdul-wide) has noted in his opening remarks for the symposium to establish a company of the symposium is to strengthen its role in society, it is not just marketing to the extent that aimed to establish a culture of insurance which will contribute to the protection of society, expected to work to increase the Symposium scientific and practical skills for those involved in various projects, as well as reduction of the stalled project and the resulting financial burdens and bear the consequences of damage to various government and contractors, as well as to protect the contractors and engineering companies of potential risks, and creating insurance awareness among all relevant actors need to activate Qguanien insurance compulsory for all types of insurance.
He said that the adoption by the insurance company for a seminar of engineering, comes within the framework of its prevention and precautionary cover all the risks faced by different types of insured property and the nature of the work, in addition to being the first of its kind in Yemen, and is at the forefront of the areas that are of great importance, especially to ensure (the dangers of contractors), which includes covering the risks during the implementation of construction projects, engineering, and to cover damage caused to the machinery and equipment.
For his part, Undersecretary of the Ministry of Public Works and Roads (Abdel-Wahab Governor) to establish proof of the symposium on private-sector interest and participation in the course of development, blessed by the United set up the symposium, which he said "will contribute to raising the awareness of engineering and consulting companies to reduce the risk, noting that" Engineering insurance Ihoudy with great interest in the construction sector ", expressing at the same time, the ministry's application of construction contract and consulting services between the parties executing the projects included the necessary insurance on projects to reduce the risk and investment protection.
The representative of the Higher Committee for Tenders (Fawzi Mujahed) the relevance of the symposium, "In light of the evolution of development projects and active role," referring to the urgent need for the dissemination and development of the engineering concepts of insurance markets in order to create a comprehensive insurance service economy and contribute to the State's plans for social protection, to the remarkable Government's vision that "the view that the contractors of construction projects all give serious thought to the activation of this type of insurance to the motivation to implement the projects and not to consider insurance as a document to complete the official papers to the use of special permits for projects and engineering insurance premiums are low compared with the capital project.
As he (the struggling) the reasons for the decline in the application of engineering to the lack of insurance awareness of the importance of contractors, and the limited number of insurance companies that provide this type of insurance, and exaggeration in the price of insurance for contractors and consulting offices, the representative of the Yemeni General contractors (Ahmed Asbahi) insurance companies to reduce insurance rates and to facilitate Tammelth, as investors and encourage them to go to pay the insurance companies, asking them to reconsider the problems that sometimes occur during the process of compensation and for a shift from some of the compensation in full, which is considered an obstacle to the deal with insurance companies.
Asbahi called stakeholders in the Government to prepare a study for a new bill to make insurance mandatory on projects. The events included a seminar in the first day, reporting that the definitions of the United Insurance Company to review by the light of mourning Business insurance and engineering conditions of the insurance, in addition to the insurance application form and ensure all the risks.
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