Insurance is an instrument through which a group of people facing determined dangers could avoid economical lose occur. By refund them from the saving collected by paid shares of insurance account.
Its importance comes that it help in saving dealers rights by minimizing trade lost as its known Exposure reflect on final profits to trade foundations work in trade and services ,insurance must be spread in all regions so as to contribute in developing trade nationally and internationally .
Main task of insurance companies or in general is covering loses by fire, theft, sea (cargo) accidents, death. In general insurance is an economic pillar realizing profits to man , companies and society as a tool spreading danger and reduce great financial loses which have impact on securing national wealth.
Trade facilitation has given this sector great attention by offering insurance companies data base information and all needed procedures regard international trade