By John Lee. Lebanese-based Comin Insurance Brokerage is reportedly planning to enter the Iraqi insurance market by the end of this year. Managing Director Roger Zaccar is quoted by Daily News Egypt as saying that both Iraq and Jordan will be added to its portfolio this year; The company was founded in 2017, and is […]
Tag Archives | Insurance
UN Awards New Contract for Vehicle Insurance in Iraq
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded Dilnia Insurance a contract for comprehensive vehicle insurance for 6 UNOPS vehicles in Baghdad and Erbil. The contract value is $10,730. (Source: UNGM)
Türk Eximbank gives $79m Reinsurance to UKEF
By John Lee. Turkey's official export credit agency has reportedy agreed to provide $79.2 million in reinsurance support to its U.K. counterpart's energy projects in Iraq. According to Daily Sabah, Türk Eximbank will provide UK Export Finance (UKEF) with cash in proportion to the value of Turkish exports and services that will be used in […]
Al Maseer Insurance joins IBBC
Iraq Britain Business Council (IBBC) has announced that Al Maseer Insurance Company has joined the Council. Founded in 2011, Al Maseer provide a range of insurance products covering the key sectors in Iraq: construction insurance, energy insurance, agriculture insurance, health insurance, marine insurance, motor insurance, property insurance. Chairman and co-founder, Arak Fadhil Hameed Al-Bayati, said […]
EGFI agrees Political Risk Insurance for Rumaila Power Plant
The Export Guarantee Fund of Iran (EGFI) has announced that it is to provide political risk insurance (PRI) to Iran's MAPNA Group for its Rumaila power plant project in Iraq. Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion […]
Frontier Travel Insurance - Opportunities for Affiliates
Advertising Feature Frontier Travel Insurance is the first online insurance travel facility that is specifically aimed at the high risk and frontier markets. It provides all the essential cover that travellers will require when visiting challenging locations throughout the world. This cover is now just a few clicks away. Joining our affiliate programme is a […]
Most Iraqis Unaware Of Insurance Rights
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Few Iraqis are confident that their lives on the roadways are insured. In the event that they are in a traffic accident, they will receive appropriate compensation with no need to […]
Un-Licensed Insurers “Liable to Severe Financial Penalties”
By Padraig O'Hannelly. With increasing commercial activity in Iraq, much of it by foreign-based investors, there's a growing market for adequate insurance to cover the risks. But in a country emerging from years of chaos, how can you be sure that the insurance you buy is legal and valid? To help clarify this point, Iraq […]
AAIB Launches First Online War and Terrorism Travel Cover
Anglo-Arab Insurance Brokers (AAIB) launched the first on-line global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference and Exhibition in Dubai on 30th April 2012. Marketed under the 'Frontier Travel' banner, www.frontiertravelinsurance.com offers insurance to travellers in any country in the world except the US and Canada […]
Minister Criticises Security and Insurance Companies
By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. Without doubt the security situation has improved significantly since I was last in Iraq, and made great strides in the south, where the first time I worked in Basra in 2007 we were never allowed into the city of Basra […]
Dar Es Salaam Sells Insurance Unit
Dar Es Salaam Investment Bank, a 70.1% owned subsidiary of HSBC Asia Holdings BV, has sold its 19.465% equity interest in Iraqi insurance company Dar Es Salaam Insurance to Gulf Insurance Company for a cash consideration of IQD1.557bn (approximately US$1.33m). The sale took place on 18 December 2011 and represents the disposal of a non-core […]
Marsh and AAIB Launch Iraq Land Rig Insurance
In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB), Iraq Insurance today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and […]