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Hamraa Insurance Company
About Us
Chairman’s Letter

Dr. Yasir Sabri Raoof

Chairman Al-Hamraa Insurance Company

It is with great pride and optimism that I extend my warmest greetings through this message as Chairman of Al-Hamraa Insurance Company. Since our establishment, we have remained steadfast in our mission to provide comprehensive, reliable, and innovative insurance solutions that serve the evolving needs of individuals, businesses, and communities across Iraq.

At Al-Hamraa, we believe that insurance is more than a financial product—it is a promise of protection, a pillar of stability, and a partner in progress. Our growth over the years has been built on a foundation of trust, strong governance, and a customer-first approach. We are proud to have earned the confidence of our clients and partners, and we continue to uphold this trust with integrity, transparency, and professionalism.

The insurance sector in Iraq is undergoing a significant transformation, and Al-Hamraa is proud to be at the forefront of this change. Whether through adopting new technologies, enhancing our product offerings, or strengthening our risk management capabilities, we are committed to delivering value and building resilience in an increasingly complex environment.

As we look to the future, our focus remains on sustainable growth, digital innovation, and human capital development. We are investing in our people, processes, and platforms to ensure that we remain agile, competitive, and ready to meet tomorrow’s challenges.

I would like to thank our valued clients, partners, regulators, and stakeholders for their continued support. Most importantly, I commend our dedicated team at Al-Hamraa for their unwavering commitment and hard work. Together, we will continue to protect dreams, empower businesses, and contribute to the prosperity of our nation.

About us
Pioneering the
Insurance Industry
Since 2001

Al Hamraa Company is an Insurance firm which started operating in 2001 providing advice and professional assistance to clients to protect their property, assets, employees, earnings, and liabilities on a cost-effective basis.
The Company has developed into one of the leading Insurance companies in the Insurance industry Today.

The Company has identified the need to expand and apply its ever-increasing skills diversity of its clients’ needs requiring specialized protection services because in an inconsistent and challenging environment such as Iraq’s, we understand that individuals and businesses need a strong, diligent partner who could safeguard their interests from any circumstances.

Today, Al Hamraa has professional and dedicated staff, with a high level of experience in Insurance and has provided professional services to a wide range of clients both corporate and individual.
We are registered by the Insurance Regulatory Authority under the numbered Certificate of Incorporation (MH7673) dated 07/01/2001 and issued by the Registrar of Companies at the Ministry of Trade. It got a license for the practice of the profession by the Department Controller of Insurance in the Ministry of Finance number (4/2001) dated on 27.03.2001.

The Company started its actual activity on 1/7/2001 after obtaining the approval of the Ministry of Finance on the documents that could be marketed models. Where the company issued the first documents in this history, it was a Fire Insurance Policy

Our
Vision
Our vision is to increase Iraq’s population insurance awareness, and to set the standard of excellence among insurance providers by being innovative, being financially strong, providing the right support and service for our customers.
Our
Mission
To provide the highest professional advice and service to all our clients, and to educate people on the importance of being insured and offering them affordable, tailored policies with an excellent customer-centered approach.
Our Values
Our clients are
at the heart
of our business
Innovation: We are a progressive company that strives to offer excellent contemporary service to its clients that match what it is offered in today’s modern markets.
Excellence: We are experienced in the market’s dynamic changes and well-equipped to provide unmatched service tailored to the client’s needs
Commitment: We are loyal to our client’s stakeholder and employees as we believe that our people are our greatest strength.
Accountability: We are consistent in providing unrivaled support to our business partners.