Dar Al Salam Insurance

What Dar Al Salam Insurance does

Dar Al Salam Insurance is an Iraqi insurance company founded in 2000 and headquartered in Baghdad, offering both non-life and life insurance products to customers in Iraq. The firm is publicly traded on the Iraq Stock Exchange under the ticker symbol NDSA (ISX:NDSA), positioning it among a limited set of listed insurance carriers in the Iraqi market. Its core business is underwriting and servicing insurance policies across personal and commercial lines, though no further segmentation, product mix, or pricing details are publicly disclosed in the available data.

The company's business model follows standard insurance economics: it collects premiums from policyholders and bears risk in exchange for coverage, generating revenue through net earned premiums and investment income on reserves. No distribution channels, broker networks, or customer segment details are documented in the available sources, and no financial disclosures (premium volume, claims ratio, combined ratio, or headcount) are provided.

The corporate web presence at gulfingroup.com is a placeholder displaying a "Launching Soon" message with a 2026 copyright, indicating either an imminent digital relaunch, a corporate rebranding effort, or an underdeveloped digital channel. There are no disclosed partnerships, subsidiaries, technology platforms, or recent strategic transactions in the available data. The combination of a 25-year operating history with a placeholder digital footprint suggests an established but digitally underinvested carrier whose operational data is not publicly transparent.

Name

Dar Al Salam Insurance

Website

https://gulfingroup.com

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Dar Al Salam Insurance is a Baghdad-based Iraqi insurer offering non-life and life insurance products; publicly listed on the Iraq Stock Exchange (ISX:NDSA) since its founding in 2000.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Insurance Carriers (5241), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Individual Disability Income Insurance (Non-Group) (FSAIAIAA)

Keywords

• Non-life insurance
• Life insurance
• General insurance
• Insurance underwriting
• Risk coverage

Headquarters

HQ city

Baghdad

HQ country

Iraq

HQ region

Middle East

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Core offering

Dar Al Salam Insurance is an Iraq-based insurance company that provides non-life (general) insurance and life insurance services to customers. Founded in 2000 and headquartered in Baghdad, the company is publicly listed on the Iraq Stock Exchange (ISX:NDSA) and operates as part of the Gulf Insurance Group ecosystem, offering risk protection and coverage products to individuals and businesses in the Iraqi market.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Life Insurance
• Life Insurance

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights2 records

Broad incumbents

• Allianz Middle East: Global incumbent with life and P&C operations across MENA; comparable on full-stack multi-line offering and reinsurance access, though not Iraq-specific.
• Bupa Arabia: Leading GCC health insurance carrier; comparable as a regional incumbent in the health/life segment of multi-line insurance portfolios serving MENA corporates.
• AXA Gulf: Global incumbent with established MENA footprint across life and non-life; comparable on product breadth and corporate-insurance capabilities, though at much larger scale.
• MetLife Gulf: Major global life and health insurer with regional Gulf operations; relevant comparator for the life insurance side of Dar Al Salam's portfolio.

Direct peers

• Gulf Insurance Group: Leading multi-line insurer headquartered in Kuwait with operations across MENA including Iraq; comparable as a publicly listed general insurer offering both life and non-life products in regional markets.
• National Insurance Company of Iraq: Iraqi multi-line carrier focused on general and life insurance for individuals and corporates; closely comparable in product breadth and home market exposure.
• Iraqi Insurance Company: State-linked Iraqi general insurer offering life and non-life products domestically; directly comparable on geography, product mix, and customer base.

Regional players

• Qatar Insurance Company: Qatar-listed multi-line and reinsurance carrier with MENA operations; comparable for product breadth and regional reinsurance dynamics relevant to an Iraqi general insurer.
• Saudi Arabian Cooperative Insurance (UCA) / Tawuniya: Large Saudi cooperative multi-line insurer; comparable as a regional general insurer operating under cooperative/multi-line structures and GCC regulatory oversight.
• Al Ahleia Insurance Company: Kuwait-based multi-line insurer with MENA footprint including life and non-life lines; comparable as a regional general insurer serving similar GCC and Iraqi-adjacent markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dar Al Salam Insurance