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Who are we ?
We are the Shatt al-Arab Insurance Company, a “special contribution” founded in 2005 and is registered and subject to the law regulating the insurance number is (10) for the year 2005 under the sequence (6) in the 22/12/2005, with a paid-up capital of $ (750) million it was increased to one billion two hundred and fifty million dinars we are going to increase the capital to three Billion dinars . The company is linked legally to the Office of Insurance and it is the section that supervises and organizes the activities of the insurance company in Iraq.
The company founders are “Construction Dar for General Trading Group” and a group of companies Altaif for Trade known in the Iraqi commercial market and a Co-opration with two biggest Iraqi banks named Islamic Regional Cooperation Bank “Masref El-Ta’awen Al-Aqlimi Al-Islami” and “Al-Hudda Bank ”
The company started actively in the first quarter of the year 2006 by exposing its insurance services and risk management services to the private equity firms and public organizations in addition to the trade unions and civil society associations, organizations and diplomatic missions in Iraq.
The company has defined herself of the region through liaison with the General Arab Insurance Federation of Afro-Asian Insurance in the Republic of Egypt and the Arab Fund for war-risk insurance in the State of Bahrain.
Throughout the first year, the company was able to define itself in the Iraqi market and the regional market that enabled the company to build a well trusted and reliable and certified name.
What do we sell
Sell insurance protection of internationally guaranteed money, property and people from the risk of death and disability, disease and civil liability
The company is committed to the value of the payment of damages to customers immediately and in one go, whatever the value of the damage if covered by the terms of the insurance
The company issuing the insurance conditions, insurance international insurance companies approved by the pilot in the world such as the Lloyds British and Munich Reinsurance Company of Germany.
