Iraqi insurance and reinsurance veteran Dr Mustafa Rajab passed away on 15 June in Abu Dhabi at the age of 96.
The Ministry of Finance has commissioned global professional services firm Ernst & Young (EY) to evaluate the performance of government-owned (re)insurance companies.
The Insurance Bureau (Diwan), the insurance regulatory body in Iraq, announced the implementation of the pilot project for climate risk insurance, which is the first of its kind in Iraq and the region.
Several trends in 2020 reveal how the pandemic has shaped terrorist activity, says Aon as it releases its 2021 Risk Maps yesterday. Terrorist threats from both the far-right and left extremists fell overall.
International credit rating agency AM Best has released a new Country Risk Assessment Report on Iraq, which provides an economic, political and financial system risk assessment of the country.
Turk Eximbank, Turkey's official export credit agency, has agreed to provide $79.2m reinsurance support to its UK counterpart's energy projects in Iraq, marking the first such financing support by Eximbank to a foreign export credit agency (ECA).
The Central Bank of Iraq has established a takaful company for Islamic banks in cooperation with the Insurance Bureau.
The Iraqi government is merging the country's two state-owned insurers, to form a stronger entity to better support the economy and put the merged entity in a strong competitive position vis-a-vis private insurance companies.