About Us

National Insurance Company

(Public Company)

A public company, which is called a self-financed economic unit that is wholly owned by the state and enjoys moral personality and financial and administrative independence.

The National Insurance Company was established according to Law (56) of 1950 and became a public company according to Law No. (22) of 1997. Its capital amounted to (60,000,000,000) dinars (sixty billion Iraqi dinars) according to Cabinet Resolution (481) for the year 2021.
Where our company was distinguished by the diversity of its insurance coverage, reinsurance and investments, and providing advice in everything related to insurance, as our company grants the following insurance documents (life insurance, reinsurance, ship and aviation insurance, engineering and agricultural insurance, car insurance, insurance against the risk of fire and accidents, and marine insurance). Our company also provides specialized advice in The field of insurance. The National Insurance Company is considered one of the largest Arab companies operating in the field of insurance and has its position in the global insurance market through its activity in the field of reinsurance with international companies to cover its large insurance business.

Our vision

Spreading the correct insurance culture in our society and raising awareness of the importance of insurance by reducing societal problems resulting from accidents, dangers and horrors, and contributing to removing damage from individuals, companies and businessmen who are insured with us under the insurance contract and helping them return to their previous economic or health status before the danger occurred.

Our message

Since our company is the first and leading company in the field of insurance in Iraq.
Our mission is to serve the Iraqi society and preserve the economy and national wealth by encouraging the labor market by providing various insurance covers, which provides safety and reassurance to businessmen and thus increase their investments inside the country and serve the building of our beloved Iraq.

Our goals

Our company aims to contribute to economic development through its insurance, production and investment activities by providing insurance protection for members of society and national wealth, which reflects positively on our national economy by encouraging the investment of money by protecting it with a solid insurance cover through all the insurance covers granted by our company, which It contributes to protection from various risks, if they occur, and to restore the insured to what it was before the risk materialized, in order to achieve the highest possible level of economic growth, in addition to spreading insurance and preventive awareness to serve our national economy.

Our activities

First: The company practices all types of general insurance (marine insurance, fire and accident insurance, auto insurance, agricultural insurance, engineering insurance) and life insurance and re-ionization and provides advice in every case related to insurance.
Second: Investing the company's money in various aspects of investment (real estate investment, deposits and transfers, subscribing to company shares, real estate lending) Commissions The commissions granted by the company to its official and private marketing agencies vary according to the types of insurance as well as according to marketing channels

Our contributions

The National Insurance Company contributes to the capital of many important companies inside and outside Iraq, as it contributes to:
1- (42) local companies.
2- Bahrain National Holding Company (Bahrain).
3- Arab Reinsurance Company (Beirut).
4- Arab Insurance Institute (Damascus).
5- The Arab Fund for War Risk Insurance (Bahrain).

Our investments

Investment is synonymous with the insurance business, as the company invests in several areas, including:
1- Real estate investment.
2- Deposits and transfers.
3- Contribute to the capital of Iraqi and Arab mixed and private companies.
4- Real estate lending.