KABUL: The insurance sector in Afghanistan, like many other sectors in the country, is gasping for much-needed reforms.
Although there are insurance services available in the country, absence of proper government policy, high insurance premiums, lack of awareness among people and mistrust of the insurance companies have left this sector underdeveloped.
The Afghan Chamber of Commerce and Industry identifies areas of health, motor, cargo and mining as high potential areas for insurance companies but in a country marred by decades of conflict, rife graft, poor economy, and sectarian divide, the highest-risk factor is terrorism.
The Afghan Global Insurance (AGI) offers a long list of insured items and, contrary to many countries, it also pays its clients’ claims for acts of “terrorism” that include bomb blasts, suicide attacks, and air strikes, which have become a frequent occurrence in Afghanistan.
Since its establishment in 2010, the AGI has managed to absorb only a little over 40,000 clients — among them foreign firms, aid agencies and expatriates.
AGI is re-insured by international firms to which it cedes major projects to reduce the risk, Naweedullah Gulzad, chief operations officer at the firm, told Arab News. These firms include Lloyd’s of London and the Indian-based General Insurance Company.
The government has withheld for years the draft legislation on insurance despite running a national insurance firm of its own that mainly deals with covering car accidents and arson.
Gulzad said the absence of an insurance law was the main hurdle for promotion of the industry in Afghanistan. “The other challenge has been lack of awareness among people and the public distrust. Most people think insurance may actually rob them,” he added.
Lack of awareness, mistrust, political instability among other factors, have prompted many companies registered in Afghanistan to buy insurance directly from outside the country, which is a distraction for the Afghan economy and is contrary to the law, he said.
Still, recently, there has been good news for the AGI in the health sector as most NGOs have expressed interest in health insurance for their employees. One insurance sector that perhaps makes AGI more attractive to clients and is not common in many other parts of the world is covering “terrorism and political violence.”
“We have an insurance policy by the name of terrorism and political violence ... airstrikes, even passive war is covered under that … and if anything happens to your car in a terrorist attack, insurance companies are paying that,” Gulzad said.
As an example, he added, the AGI paid more than $900,000 to one of the Indian companies in Ghazni province, where the power transmission line was damaged in a Taliban attack.
Afghanistan’s insurance industry struggles ... but terrorism claims are paid out
Afghanistan’s insurance industry struggles ... but terrorism claims are paid out
Finland moves tanker suspected of undersea cable damage closer to port
- BBaltic Sea nations have been on high alert after a string of outages of power cables, telecom links and gas pipelines since Russia invaded Ukraine in 2022
Baltic Sea nations have been on high alert after a string of outages of power cables, telecom links and gas pipelines since Russia invaded Ukraine in 2022, and NATO said on Friday it would boost its presence in the region.
The Cook Islands-registered ship, named by authorities as the Eagle S, was boarded on Thursday by a Finnish coast guard crew that took command and sailed the vessel to Finnish waters, a coast guard official said.
Finnish police believe the Eagle S may have caused the damage to undersea cables the previous day by dragging its anchor along the seabed.
“The police begin an operation to transfer the Eagle S tanker from the Gulf of Finland to Svartbeck, an inner anchorage near the port of Kilpilahti,” the Helsinki police department said in a statement on Saturday.
This would be a better place to carry out investigations, it added.
Finland’s customs service believes the ship is part of a “shadow fleet” of aging tankers being used to evade sanctions on the sale of Russian oil.
The Kremlin said on Friday Finland’s seizure of the ship was of little concern to it. In the past, Russia has denied involvement in any of the Baltic infrastructure incidents.
France asks Indonesia to transfer national on death row
- Indonesia has in recent weeks released half a dozen high-profile detainees
- French diplomats have acknowledged that talks were underway for the transfer of Serge Atlaoui
JAKARTA: France has sent Indonesia an official request for the transfer of a French death row inmate who has spent nearly 20 years in prison, an Indonesian minister said on Saturday.
Indonesia has in recent weeks released half a dozen high-profile detainees, including a Filipino mum on death row and the last five members of the so-called “Bali Nine” drug ring.
French diplomats have acknowledged that talks were underway for the transfer of Serge Atlaoui, a 61-year-old Frenchman arrested in 2005 at a drugs factory outside the capital Jakarta.
The Indonesian government has now confirmed it received the official transfer request, which will be discussed in early January.
“We have received a formal letter requesting the transfer of Serge Atlaoui,” senior law and human rights minister Yusril Ihza Mahendra said.
The French embassy in Jakarta declined AFP’s request for comment.
Father-of-four Atlaoui has maintained his innocence, claiming that he was installing machinery in what he thought was an acrylics plant.
He was initially sentenced to life in prison, but the Supreme Court in 2007 increased the sentence to death on appeal.
Atlaoui was held on the island of Nusakambangan in Central Java, known as Indonesia’s “Alcatraz,” following the death sentence, but he was transferred to the city of Tangerang, west of Jakarta, in 2015 ahead of his appeal.
That year, he was due to be executed alongside eight other drug offenders but won a temporary reprieve after Paris stepped up pressure, with Indonesian authorities agreeing to let an outstanding appeal run its course.
In the appeal, Atlaoui’s lawyers argued that then-president Joko Widodo did not properly consider his case as he rejected Atlaoui’s plea for clemency — typically a death row convict’s last chance to avoid the firing squad.
The court, however, upheld its previous decision that it did not have the jurisdiction to hear a challenge over the clemency plea.
Atlaoui’s lawyer, Richard Sedillot, said last month that there was still “considerable hope” for a transfer.
Together Against the Death Penalty (ECPM) said the official request is the “penultimate step in a long fight” for those at the Paris-based organization who have campaigned for years to prevent Atlaoui’s execution.
“We are now waiting for this transfer to become a reality,” ECPM director Raphael Chenuil-Hazan said.
Earlier this month, Filipino inmate Mary Jane Veloso tearfully reunited with her family after nearly 15 years on Indonesia’s death row. She was transferred to a women’s prison in Manila where she awaits a hoped-for pardon for her drugs conviction.
Indonesia has some of the world’s toughest drug laws and has executed foreigners in the past.
At least 530 people were on death row in the Southeast Asian nation, mostly for drug-related crimes, according to data from rights group KontraS, citing official figures.
According to Indonesia’s Immigration and Corrections Ministry, more than 90 foreigners were on death row, all on drug charges, as of early November.
Despite ongoing negotiations for prisoner transfers, the Indonesian government recently signaled that it would resume executions — on hiatus since 2016 — of drug convicts on death row.
India’s former PM Manmohan Singh cremated with state honors
- Singh’s body, draped in Indian flag, was carried through the capital on a flower-decked carriage pulled by a ceremonial army truck
- Modi, who called Singh one of the nation’s ‘most distinguished leaders,’ attended the funeral, along with President Droupadi Murmu
NEW DELHI: The body of Manmohan Singh, the former Indian prime minister whose death has spark outpourings of grief at home and accolades from abroad, was cremated on Sunday on the banks of the Yamuna River in New Delhi with full state honors.
The funeral was conducted in the Sikh tradition as priests chanted hymns, after Singh’s body, draped in the Indian flag, was carried through the capital on a flower-decked carriage pulled by a ceremonial army truck.
The flag was removed and the body covered with a saffron cloth before it was placed on the pyre.
Since Singh died on Thursday at 92, many have taken up his comment near the end of his 10-year rule that “history will be kinder to me than the contemporary media.”
He was referring to a perception of weak leadership as he headed a coalition government facing numerous charges of corruption, which was thrown out of office in the 2014 election won by his successor Narendra Modi.
Modi, who called Singh one of the nation’s “most distinguished leaders” after his death, attended the funeral, along with President Droupadi Murmu and representatives of various countries. Modi’s government has decided to allocate land for Singh’s memorial.
Singh, considered the architect of India’s economic liberalization, had criticized Modi’s economic policies such as demonetization and introducing a goods and services tax.
Singh is survived by his wife and three daughters.
Congress Leader Rahul Gandhi accompanied Singh’s family on the truck to the Nigambodh Ghat cremation site after the procession from party headquarters in New Delhi, where people joined Congress party leaders and members to pay their last respects.
The leaders of the US, Canada, France, Sri Lanka, China and Pakistan were among those expressing grief at Singh’s death and highlighting his international contributions.
Regular flights between Ashgabat and Moscow suspended for a month from Dec. 30, says TASS
MOSCOW: Regular flights between Ashgabat and Moscow are to be suspended for a month from Dec. 30 after an Azerbaijan Airlines jet crashed in Kazakhstan, the state-run TASS news agency reported on Saturday citing Turkmenistan's national air carrier.
A passenger jet operated by Azerbaijan Airlines crashed near the city of Aktau in Kazakhstan on Wednesday, after diverting from an area of southern Russia where Moscow has repeatedly used air defence systems against Ukrainian attack drones.
Turkiye’s pro-Kurd party to meet jailed PKK leader Saturday
ISTANBUL: A delegation from Turkiye’s main pro-Kurdish DEM party is due on Saturday to visit jailed PKK leader Abdullah Ocalan, who is serving life on a prison island off Istanbul, a party source said.
“The delegation left in the morning,” the source told AFP, without elaborating how they would travel to the island for security reasons.
The visit would be the party’s first in almost 10 years.
DEM’s predecessor, the HDP party, last met Ocalan in April 2015.
On Friday, the government approved DEM’s request to visit Ocalan, who founded the Kurdistan Workers’ Party (PKK) nearly half a century ago and has languished in solitary confinement since 1999.
The PKK is regarded as a “terror” organization by Turkiye and most of its Western allies, including the United States and European Union.
Detained 25 years ago in a Hollywood-style operation by Turkish security forces in Kenya after years on the run, Ocalan was sentenced to death.
He escaped the gallows when Turkiye abolished capital punishment in 2004 and is spending his remaining years in an isolation cell on the Imrali prison island south of Istanbul.
Saturday’s rare visit became possible after President Recep Tayyip Erdogan’s nationalist ally, MHP party leader Devlet Bahceli, invited Ocalan to come to parliament to renounce “terror,” and to disband the militant group.
Erdogan backed the appeal as a “historic window of opportunity.”
