Hamraa Insurance: Best Insurance Company Iraq 2021

Founded in 2001, Hamraa Insurance relies on a process of continuous improvement for the benefit and surety of customers. The Iraqi market can be challenging, but Hamraa Insurance has found it to be full of opportunity and receptive to change. As pandemic restrictions eased and motorists worldwide took back to the streets, Iraq’s oil-centred economy has seen increased activity, leading to a jump in cargo and construction business. Hamraa Insurance has expanded its market reach significantly, serving local and international clients — individual, corporates and NGOs — with a range of plans that lend peace of mind. It strikes a balance between highest-quality services and lowest costs. Insurance products are optimised for ever-evolving regional circumstances, with coverage plans for life and annuities, health and medical, vehicle, aviation, financial reinsurance, guaranteed asset protection, marine and shipping, travel, liability, professional liability, property, casualty and group insurance. Hamraa Insurance has been very active over the past year and has seen a significant improvement in its financial figures. It has moved into the microinsurance business, signed a deal to arrange bank assurance products and launched a new project for the medical industry. Hamraa is a leading health insurer in Iraq. A solid financial base and dedicated team ensure the company is well-prepared for competition. Hamraa Insurance is rolling out the welcome mat for top global re-insurers to explore the domestic market. The CFI.co judging panel presents Hamraa Insurance — a repeat winner — with the 2021 award Best Insurance Company (Iraq).