National Insurance Company

National Insurance Company

The National Insurance Company is a completely state-owned entity with financial and administrative independence.

Established in 1950 under Law No. 56, the National Insurance Company transformed its structure and operational framework in 1997, as per Law No. 22. It is now considered one of the largest insurance companies in the Arab world. According to Cabinet Resolution No. 481, the company's capital in 2021 totaled 60 billion Iraqi dinars.

The National Insurance Company offers a wide range of products in insurance, reinsurance, and investment, alongside providing professional advisory services in diverse areas, including life insurance, marine and aviation insurance, engineering and agricultural insurance, motor insurance, fire and accident insurance, and marine insurance, to its clients.

• Our Vision: 

  To promote a sound insurance culture in society, increase public awareness about the importance of insurance in reducing the social problems caused by accidents and risks, and support policyholders in restoring their economic and health status to pre-incident levels.

• Our Mission: 

  As a leading company in the Iraqi insurance industry, we are committed to maintaining the stability and security of the national economy by providing assurance and security to investors and businesses, thereby strengthening the job market and accelerating the country's economic growth.

• Our Goals: 

  To contribute to sustainable economic development through extensive insurance services, purposeful production, and investment activities. By providing comprehensive insurance coverage, we protect individuals, assets, and national wealth, thus supporting the sustainability and growth of the country's economy.

Our Activities

• General insurance including marine, fire and accident, motor, agricultural, and engineering insurance
• Life insurance
• Professional insurance consultancy services
• Investments in real estate, deposits, stocks, and real estate-related loans

Partnerships

The National Insurance Company actively collaborates with 42 local companies and several reputable regional companies, including Bahrain National Holding Company, Arab Reinsurance Company in Beirut, Arab Insurance Institute in Damascus, and the Arab War Risks Insurance Syndicate in Bahrain.

Investments

The company's investments include real estate, deposits, and money transfers, as well as participation in the capital of mixed and private Iraqi and Arab companies, and the granting of real estate-related loans.