Al-Ahlia Insurance Company
Al-Ahlia Insurance Company is a privately held Iraqi insurance carrier licensed since 2001 to offer general and life insurance across 16 product lines, serving individual consumers and institutional clients in Baghdad and Basra.
- Company typePrivate
- Founded2000
- HeadquartersBagdad, Iraq
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Al-Ahlia Insurance Company does
Al-Ahlia Insurance Company (الشركة الاهلية للتأمين) is a privately held Iraqi insurance carrier founded in 2000 and licensed in 2001 under License No. 3/2001 from the Iraqi Ministry of Finance - Office of the Insurance Controller to practice all types of general and life insurance. The company is headquartered in Baghdad (Karradah) with a regional branch in Basra (operating since February 2002), and serves both individual consumers and institutional clients across Iraq.
The company offers an integrated portfolio of 16 insurance products spanning health (individual and group), life, vehicle, cargo/marine, fire and property, theft, engineering, civil and personal liability, cash, personal accident, medical error, travel, ATM, and loan insurance. Several products are structured in tiered Silver/Gold/Platinum programs with differentiated coverage limits, deductibles, and geographic scope. Pricing is publicly disclosed in Iraqi Dinars (IQD) on the company's bilingual Arabic/English website (aic-iraq.com), which also hosts an online 'Order Now' portal for self-serve policy issuance. The company is ISO 9001:2015 certified (June 2022) and operates a network of accredited medical centers and hospitals across most Iraqi governorates to support its health insurance products.
Revenue is generated through recurring annual insurance premiums collected from policyholders, with pricing varying by coverage tier, vehicle type/price, age band (for health), and group size (for institutional clients). Distribution relies on direct branch sales in Baghdad and Basra, the online portal, an abbreviated telecom contact number (6050) across all Iraqi operators, and participation in industry exhibitions such as the Iraq Finance Exhibition and Basra International Oil and Gas Conference. Paid-in capital has grown from 500 million IQD at founding to 9 billion IQD by 2025, reflecting 24 years of accumulated solvency and retained earnings. The company serves hundreds of corporate clients spanning maritime, oil & gas, construction, banking, food processing, and government ministries.
Al-Ahlia Insurance Company firmographics
Firmographics- Name
- Al-Ahlia Insurance Company
- Legal name
- Al-Ahlia Insurance Company (الشركة الاهلية للتأمين)
- Website
- https://aic-iraq.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Al-Ahlia Insurance Company is a privately held Iraqi insurance carrier licensed since 2001 to offer general and life insurance across 16 product lines, serving individual consumers and institutional clients in Baghdad and Basra.
- Ownership category
- akta.pro rank
Al-Ahlia Insurance Company industry classification
Industry- Product category
- Insurance Services
- NAICS
- Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411)
- SIC
- Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)
- akta.pro primary industry
- Group Term Life Insurance (FSAIAAAJ)
- akta.pro secondary industry
- Commercial Umbrella / Excess Liability (FSAJADAL)
Keywords
Where Al-Ahlia Insurance Company is headquartered
LocationHeadquarters
- HQ city
- Bagdad
- HQ country
- Iraq
- HQ region
- Middle East
Offices2 records
Markets served
Al-Ahlia Insurance Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Premiums: Al-Ahlia Insurance Company generates revenue through insurance premiums collected from policyholders across its comprehensive suite of insurance products including life, health, car, cargo, fire, engineering, liability, cash, personal accident, medical error, travel, ATM, and loan insurance products. Revenue is generated through annual installments and recurring premium payments, with pricing varying by coverage tier (Silver, Gold, Platinum), vehicle type/price, and group size for institutional clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Individual Health Insurance - Silver: Annual balance 4,000,000 IQD (hospitalization 4M, external exams 250K, doctor visits 200K, medication 200K); 20% deductible; 9-month waiting period for pregnancy; annual premiums from 511,980 IQD (under 18) to 843,600 IQD (56-66). |
| Subscription | Annual | Individual Health Insurance - Gold: Annual balance 7,000,000 IQD (hospitalization 7M, external exams 400K, doctor visits 350K, medication 350K); 15% deductible; extended geographic coverage to Middle East countries; annual premiums from 891,836 IQD (under 18) to 1,469,497 IQD (56-66). |
| Subscription | Annual | Individual Health Insurance - Platinum: Annual balance 10,000,000 IQD (hospitalization 10M, external exams 500K, doctor visits 500K, medication 500K); 10% deductible; annual premiums from 1,132,639 IQD (under 18) to 2,086,323 IQD (56-66). |
| Subscription | Annual | Group Health Insurance - Silver: Annual balance per affiliate 7,500,000 IQD; 20% deductible; covers permanent and temporary employees; annual premiums from 362,067 IQD (under 18) to 707,858 IQD (56-66). |
| Subscription | Annual | Group Health Insurance - Gold: Annual balance per affiliate 10,000,000 IQD; 15% deductible; annual premiums from 402,046 IQD (under 18) to 778,644 IQD (56-66). |
| Subscription | Annual | Group Health Insurance - Platinum: Annual balance per affiliate 15,000,000 IQD; 10% deductible; includes indirect consequential losses coverage. |
| Subscription | Annual | Car Insurance - Silver (Basic): Covers theft, fire, collision, overturn; 15% deductible; vehicles model 2008+; no third-party liability; no free taxi trips during repair. |
| Subscription | Annual | Car Insurance - Gold (Intermediate): Covers theft, fire, collision, overturn + third-party liability up to 6,000,000 IQD; 10% deductible; vehicles model 2010+; 4% no-accident discount Y2, 6% Y3. |
| Subscription | Annual | Car Insurance - Platinum (Premium): Covers theft, fire, collision, overturn + third-party liability up to 10,000,000 IQD; 0% deductible; vehicles model 2015+; 6% no-accident discount Y2, 8% Y3; includes key replacement for new vehicles. |
| Subscription | Annual | Fire Insurance - Silver: Fire covered up to 1,500,000,000 IQD; theft 50% of insurance amount; neighbor liability up to 10,000,000 IQD; 25% deductible; Silver offer tier. |
| Subscription | Annual | Fire Insurance - Gold: Fire covered up to 1,500,000,000 IQD; theft 60% of insurance amount; neighbor liability up to 15,000,000 IQD; 20% deductible. |
| Subscription | Annual | Fire Insurance - Platinum: Fire covered up to 1,500,000,000 IQD; theft 75% of insurance amount; neighbor liability up to 20,000,000 IQD; 15% deductible; includes indirect consequential losses. |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Al-Ahlia Insurance Company product offering
Product offeringCore offering
Al-Ahlia Insurance Company underwrites and distributes a comprehensive portfolio of 16 general and life insurance products in Iraq, including group and individual health, car, cargo, fire/property, life, engineering, civil and personal liability, cash, personal accident, medical error, travel, ATM, loan, and theft insurance. Products are sold to both individual consumers (via tiered Silver/Gold/Platinum programs) and institutional/corporate clients (group health, engineering, cargo, liability) through two branch offices (Baghdad HQ and Basra) and an online "Order Now" portal.
Product overview
Al-Ahlia Insurance Company offers an integrated portfolio of 16 core insurance products and services in Iraq, spanning general insurance and life insurance categories. The product lineup includes health insurance (individual and group), life insurance, vehicle insurance, cargo/marine insurance, fire and property insurance, theft insurance, engineering insurance, liability insurances (civil and personal), cash insurance, personal accident insurance, medical error insurance, travel insurance, ATM insurance, and loan insurance. Several products are offered in tiered program structures (Silver, Gold, Platinum) providing differentiated coverage levels, including the 'Your Car Is Safe' (سيارتي بأمان), 'Your Health Is Secured' (صحتك بأمان), 'Stay Safe' (خليك بأمان), and group health programs. The company operates branches in Baghdad and Basra, serving both individual and institutional customers across Iraq.
Differentiator
Problem solved
Functional benefit
Brands
- Your Car Is Safe (سيارتي بأمان): Car insurance program offering coverage for theft, fire, collision, overturn, and third-party liability with Silver, Gold, and Platinum tiers
- Your Health is Secured (صحتك بأمان)
- Your Health is Secured - Group (صحتك بأمان – جماعي)
- Stay Safe Program (برنامج خليك بأمان)
Products and services
- Group Health Insurance (التأمين الصحي الجماعي)
Quantifiable outcome
- Capital grew from 500M to 9B IQD over 20+ years of operation
- +3 more outcomes
Companies that use Al-Ahlia Insurance Company
Customer profileNamed customers20 records
Segments3 records
Ideal customer profiles2 records
Al-Ahlia Insurance Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Al-Ahlia Insurance Company partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Al-Ahlia Insurance Company competitors and assessment
Company assessmentMarket position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Al-Ahlia Insurance Company social profiles
Digital presenceAl-Ahlia Insurance Company compliance and trust
Trust signalCompliance1 record
Al-Ahlia Insurance Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Al-Ahlia Insurance Company leadership team
Management profileNumber of profiles
Al-Ahlia Insurance Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Al-Ahlia Insurance Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Al-Ahlia Insurance Company
What does Al-Ahlia Insurance Company do?
Al-Ahlia Insurance Company underwrites and distributes a comprehensive portfolio of 16 general and life insurance products in Iraq, including group and individual health, car, cargo, fire/property, life, engineering, civil and personal liability, cash, personal accident, medical error, travel, ATM, loan, and theft insurance. Products are sold to both individual consumers (via tiered Silver/Gold/Platinum programs) and institutional/corporate clients (group health, engineering, cargo, liability) through two branch offices (Baghdad HQ and Basra) and an online "Order Now" portal.
Is Al-Ahlia Insurance Company a public or private company?
Al-Ahlia Insurance Company is a private company. It is classified as unknown and is currently operating.
When was Al-Ahlia Insurance Company founded?
Al-Ahlia Insurance Company was founded in 2000. It employs 101 to 250 people.
Where is Al-Ahlia Insurance Company based?
Al-Ahlia Insurance Company is headquartered in Bagdad, Iraq, in the Middle East region.
How does Al-Ahlia Insurance Company make money?
One revenue line is on record: insurance Premiums.
Does Al-Ahlia Insurance Company have an API?
No public API is recorded for Al-Ahlia Insurance Company.
What industry is Al-Ahlia Insurance Company in?
Al-Ahlia Insurance Company's product category is Insurance Services. Its primary akta.pro industry code is FSAIAAAJ, Group Term Life Insurance, with a secondary code of FSAJADAL, Commercial Umbrella / Excess Liability. Its NAICS code is 5241 and its SIC code is 6399.