Profit Management Governance in The Iraqi General Insurance Company and its Role in Developing The National Economy

Abstract

The aim of the research is to introduce the governance of financial companies in general and the Iraqi general insurance company in particular through its origins, principles, goals, importance, development, and justifications. And to address the role of governance mechanisms and the impact of this on managing the profits of financial companies and reducing financial and administrative corruption and its role in developing the national economy.

There has been a strong interest in the issue of financial governance after the financial and Asian crisis in the last century, and this interest was repeated after the global financial crisis in 2008 after the failure of traditional methods to prevent the causes of these financial collapses, and the research concluded that governance has a great importance in many financial institutions and organizations including insurance companies, because they have a role in facing large financial collapses, as governance helps through the internal mechanisms represented (the board of directors of insurance companies) and the extent of their application of the correct legislation and laws, which is reflected in the work of the company's financial system and knowledge of its management methods through control  and supervision, and the research relied on the descriptive, analytical method and the scientific method and access to Arab and foreign theoretical and field studies related to the goals and hypotheses of the research with extrapolation of the most important results, and the research derives its importance through knowing the role of financial analysis and government in monitoring and controlling   the performance  of  companies.