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Switzerland’s top insurer enters in to Afghanistan market through a local partner

Switzerland’s top insurer enters in to Afghanistan market through a local partner

The Insurance Corporation of Afghanistan has signed a partnership agreement with Zurich, one of the top global insurer with over $47 billion annual revenue.

Jamal Asfour, Chief Executive Officer of ICA said this is an exclusive partnership which enables Zurich to insure risks in Afghanistan.

Such milestone proves ICA’s ability to deliver top notch insurance and risk management solutions to Zurich, Asfour said.

Mosa Kamawi, the director of insurance affairs at the Ministry of Foreign affairs of Afghanistan welcomed the presence of Zurich in Afghanistan and said:

Zurich is a multi-national insurance group which provides life and non-life insurance having over $395 billion assets and over 53K employees around the world.

There are five insurance companies in Afghanistan including the Afghanistan National Insurance Company (ANIC) which is owned by the government.

The deficiency of awareness, lack of law enforcement and political instability have been the major challenges for the financial risk management and insurance companies in Afghanistan.

The Khaama Press News Agency is the leading and largest English news service for Afghanistan with over 3 million hits a month. Independent authors/columnists and experts are welcomed to contribute stories, opinions and editorials. Send stories to [email protected]