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 […]
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 […]
By John Lee. Iraq's National Data Center, in collaboration with the National Insurance Company, has introduced a digital marine insurance service through the Ur electronic portal. According to the Iraqi Cabinet, the platform enables customers to obtain marine insurance policies quickly and securely. The service offers three types of insurance policies based on institutional conditions […]
By John Lee. The Iraqi Cabinet has approved a series of contracts with UK-based professional services firm Ernst & Young (EY), aimed at reforming Iraq's banking and insurance sectors: The first contract involves a comprehensive study on the restructuring of the state-owned Rafidain Bank and Rasheed Bank, with recommendations and a roadmap expected within six […]
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 […]
