The Iraqi Insurance Association was established under the Insurance Business Regulation Law No. 10 of 2005 to enhance and develop the insurance sector in Iraq. The association focuses on regulating and coordinating the operations of local insurance companies, providing technical and advisory support to improve services, and ensuring the protection of policyholders’ rights. Additionally, it seeks to raise public awareness of insurance and promote its culture among individuals and organizations, contributing to a sustainable national economy.The association creates an annual information bank on the activity of insurance companies operating in Iraq.

The Iraq Insurance Association is also committed to fostering a collaborative environment within the insurance industry. By offering a platform for insurance companies, industry professionals, and stakeholders to share knowledge and expertise, the association strengthens the overall sector. It actively works towards improving regulatory frameworks, enhancing service quality, and ensuring that the rights of policyholders are upheld. Through these efforts, the association plays a pivotal role in building trust and confidence in the insurance industry, which is essential for long-term economic growth and stability in Iraq.