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History of the National Insurance Company

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The company was established in accordance with Law No. 56 of 1950, and upon the issuance of Public Companies Law No. 22 of 1997 and in accordance with the requirements of the said law, it became a public company pursuant to Certificate of Incorporation No. (54) on 12/24/1997 issued by the Ministry of Commerce / Registrar of Companies .

  • Achievements in 2021 For the period from 1/1 to 31/12/2021The company's capital was increased from (15,000,000) fifteen billion dinars to (60,000,000,000) sixty billion dinars according to the council of ministers resolution No. 481 of 2021. Twelves meetings were held for the company's board of directors, where the memoranda presented to the board amounted to 106 memoranda. Total quality management procedures were initiated and the rehabilitation of cadres from all departments and branches was started by involving them in qualifying courses to prepare them as internal quality auditors (ISO 9001: 2015). Participation in the Kirkuk International Exhibition for Energy, Construction and Investment. Participation in the first international exhibition of Babylon for industries and national production. Participation in the first annual international scientific conference entitled (Reform of the insurance sector in Iraq). Participation in a workshop for the banking and insurance sectors under the auspices of the Central Bank. A workshop entitled (Negotiating Possibility and Self-Marketing for Sales and Marketing Men) was held by the company's branch in Babil Governorate, in cooperation with the Future College. Participation in the first Nineveh International Exhibition for Energy, Construction and Investment. Ten number of sessions recorded of the Judicial Committee on compulsory insurance is about fifty sessions, and the number of completed files reached 718 files.
    Activities in 2021 For the period from 1/1 to 31/12/2021The company achieved premiums for various types of insurance, including the compulsory insurance fund premiums of (85214421) thousand dinars (eighty-five billion two hundred and fourteen million four hundred and twenty-one thousand dinars) against a plan for the same period of (76770,500) thousand dinars (seventy-six billion seven hundred and seventy million five hundred thousand dinars), with an implementation rate of 111%. The compensation paid to the insured amounted to (22141075) thousand dinars (twenty-two billion one hundred and forty-one million and seventy-five thousand dinars). Revenues of insurance operations for the year 2021 (10128931) (ten billion one hundred and twenty-eight million nine hundred and thirty-one thousand dinars) against planned revenues (7,000,000 (Seven billion dinars) .
     
  • Investments in 2021 Period from 1/1 to 31/12/2022 The volume of investment amounted to (155439220) thousand dinars (one hundred and fifty-five billion four hundred and thirty-nine million two hundred and twenty thousand dinars). Investment revenues for the year 2021 amounted to (6028615) thousand dinars (six billion twenty-eight million six hundred and fifteen thousand dinars), compared to a scheme of (5500000) thousand dinars (five billion and five hundred million dinars).
    Training courses in 2021 Period from 1/1 to 31/12/2022The number of training programs reached 22 programs for 84 employees for the purpose of qualifying inside Iraq.
     
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National Insurance company

Commissions

Commissions granted by the company to its official and public marketing staff differ according to types of insurance and marketing channels shown in the following attached schedule . Learn More...
Nature of Activity First: The company transacts all types of general Insurance Marine , fire and Accident , Motor , Agricultural, Engineering Insurance and life assurance and Reinsurance . The company also gives advice in various insurance cases . Second : The company invests its financial revenues in different faces 0f investment ( i.e) real estates investment, Deposits and transfers , sharing in other firms capitals.

 

 

Branches and offices of the company

 It consists organizational structure of National Insurance Company (11) central portion supervisory and associated company (13) branches (8), including specialized branches and (5) geographic branches, and is linked to the branches (42) offices, including 29 offices geographically and (10) border offices and (3) specialized offices
 
The number of employees for 2015 amounted to (939) employees

 

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Our Address:
Iraq Baghdad Al-Khalany square   
Phone:009647730481077
09647800223223
09647728880222
Working days: Sunday. to Thursday.
Hours of Operation:
from 8:30am to 1:30pm
Weekends: Friday and Saturday
Special Appointment Are Available.

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National Insurance Company launches new document social insurance for college students

National Insurance Company launched a new insurance document devoted to college students ongoing study. The general director of the National Insurance Company Mr. Sadiq Fadhel said "The company and the basis of their tasks and responsibilities fired a close group insurance for students continuing to study in Iraqi universities, explaining that the cases that will be covered by the document is a natural death, and accidental death accidental, and death due to a terrorist incident. The injured permanent malfunction by a decision of a medical committee and the various stages of education. " The director of the company that the document will cover all college students aged (18-30 years) for a period of one academic year of the start of the school year, the date of the expiry Added general manager of the company that the amount of the specific insurance under this policy pays in the event of death of the insured to the beneficiary or rightful heirs, according to the desire of the insured upon issuance of the document

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