Finance Minister Muhammad Yoser Barania: Encouraging progress in restoring the connection of the Syrian insurance sector to global markets Details: Finance Minister Muhammad Yoser Barania confirmed that there is encouraging progress in restoring the connection of the Syrian insurance sector to the global reinsurance markets, which opens up horizons for the development of the sector and increasing its role in economic recovery and rehabilitation. Barney revealed a growing interest from leading international companies to enter the Syrian reinsurance market, such as (Swiss Re), (Munich Re) and (Hanover Re), in addition to major brokerage firms, including (Marsh), (Guy Nagar), (Poal), (NASCO) and (Shadd Re). He explained that about 15 reinsurance brokers have already begun registration procedures with the Syrian Insurance Authority, at the same time as continuing discussions with international companies. He noted that the insurance supervision is working to modernize the regulatory and supervisory frameworks, increase transparency and establish sustainable international partnerships, in order to keep up with the demands of rehabilitation and risk management. The Minister of Finance announced the completion of a strategic plan for the next five years and the start of its implementation, to promote the insurance sector and expand its services in accordance with international governance and integrity standards and rules.

Finance Minister Muhammad Yoser Barania: Encouraging progress in restoring the connection of the Syrian insurance sector to global markets Details: Finance Minister Muhammad Yoser Barania confirmed that there is encouraging progress in restoring the connection of the Syrian insurance sector to the global reinsurance markets, which opens up horizons for the development of the sector and increasing its role in economic recovery and rehabilitation. Barney revealed a growing interest from leading international companies to enter the Syrian reinsurance market, such as (Swiss Re), (Munich Re) and (Hanover Re), in addition to major brokerage firms, including (Marsh), (Guy Nagar), (Poal), (NASCO) and (Shadd Re). He explained that about 15 reinsurance brokers have already begun registration procedures with the Syrian Insurance Authority, at the same time as continuing discussions with international companies. He noted that the insurance supervision is working to modernize the regulatory and supervisory frameworks, increase transparency and establish sustainable international partnerships, in order to keep up with the demands of rehabilitation and risk management. The Minister of Finance announced the completion of a strategic plan for the next five years and the start of its implementation, to promote the insurance sector and expand its services in accordance with international governance and integrity standards and rules.