Tag Archives | Insurance

New OTC Listings for Iraqi Insurance Companies

By John Lee. Eight insurance companies have been approved for listing, deposit, and trading on Iraq's over-the-counter (OTC) platform. According to the Iraq Securities Commission (ISC), the decision was taken at the commission's seventh session on 18th August 2026. The companies admitted to the OTC platform are: Al-Dhaminoun Insurance Company Al-Sadiq Insurance Company Al-Murtakaz Insurance […]

New Companies Added to Iraq's OTC Trading Market

By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for three companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's fourth session held on 16th April 2026. The companies admitted to the OTC platform are: Al-Batak Insurance Company Asia Insurance Company Al-Sharq Insurance Company […]

New Companies Added to Iraq's OTC Trading Market

By John Lee. The Iraqi Securities Commission (ISC) has approved the listing, deposit, and trading of shares for five companies on the over-the-counter (OTC) platform. The decision was taken during the Commission's third session held on 7th April 2026. The companies admitted to the OTC platform are: Al-Yam Al-Azraq General Trading Company Asia Gate Insurance Company […]

EY Assists Restructuring of Iraqi State Banks and Insurance

By John Lee. Discussions have been held on the restructuring of state-owned banks and the insurance sector as part of Iraq's financial reform programme. The meeting took place at the Ministry of Finance under the chairmanship of Minister of Finance Taif Sami Mohammed, with representatives of Ernst & Young, alongside senior officials from the Ministry […]

Iraqi Insurance Premiums grew 75% in Q3

By John Lee. Iraqi insurance companies recorded written premiums of more than IQD 207.3 billion (approximately USD 159 million) during the third quarter of 2025, reflecting annual growth of over 75 percent, according to a report from the state-run Iraqi News Agency (INA), citing official data. It showed Iraqi Insurance Company leading the sector with […]

Dutch Firm to Certify al-Faw Channel for Lower-Cost Insurance

By John Lee. The General Company for Ports of Iraq (GCPI) has confirmed the signing of a contract with Dutch firm Fugro to carry out third-party surveying of the al-Faw navigation channel, in preparation for issuing internationally recognised Admiralty charts. Director General Farhan al-Fartousi told the state-owned Iraqi News Agency (INA) that the survey work will […]

Iraq Simplifies Housing Loan Procedures for Public Employees

By John Lee. As part of efforts to expand homeownership opportunities for citizens and activate national initiatives supporting middle- and low-income groups, the Prime Minister of Iraq has directed the relevant authorities to take the necessary steps to implement a proposal to simplify housing loan procedures for government employees. The proposal, jointly prepared by the […]

The Insurance Gap and Special Economic Projects in Iraq

By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]

EY to Review Iraqi State Insurance Firms

By John Lee. Iraq's Ministry of Finance has commissioned global consultancy firm Ernst & Young (EY) to evaluate the performance of state-owned insurance companies affiliated with the Ministry. Finance Minister Taif Sami (pictured) said in a statement to the state-owned Iraqi News Agency (INA) that the move aligns with directives from the Council of Ministers […]