Who we are

StarKar Insurance Company is the first insurance company founded in the Kurdistan Region-Iraq in 2004. At the moment is one of the leading insurance companies in Iraq.

At its first operational year SIC started by covering (Third Party Liability) for all foreign vehicles interning Iraqi Borders through Ibraham al-Kahlil & Hajj-Omran border centers where hundreds of policies were issued and many claims settled.

SIC paid more than 2.500.000 USD in the period between 2004 and up compensating events of death & bodily injuries in a very smooth manner where complicated routine was avoided.

Our license

It was licensed by the Kurdistan Regional Government For all types of insurance, by Union Ministry of Trade (Companies Registrar) & by The Iraqi Insurance Diwan-Union Ministry of Finance for Non-Life insurance business, Iraq wide.

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Recruiting efforts resulted in training & forming of qualified sell forces as well as competent technical team to carry out the underwriting of risks and settlements of claims at the most possible balance of interests for both Clients & Company and according to the international standards.

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Board of directors recently decided to increase capital Up to the equivalent of 1.000.000 USD (which is under process) to help the accomplishing of Company's goals for the near future in expanding services to the other parts Iraq Wide.

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By the beginning of the Third quarter of 2007 SIC commenced its transactions of all types of insurance supported by the Common Reinsurance Treaties for Iraqi Insurance market Run by Iraq-Reinsurance Co. and lead by SCOR Reinsurance Company which is the world largest Reinsurer today.

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Our Vision

• We don’t believe in one-size-fits-all solutions; instead, we provide a plethora of options for all kinds of households and budgets for businesses.

• We are as invested in your success as you are, and we understand where you live and how that affects your insurance needs.

Our Mission

• We can find the coverage that maximizes the protection you need, and we have access to all kinds of resources and materials so you don’t have to find them on your own.

• We offer the convenience of a local office and expert service. Always one call away from answers to questions, obtaining additional coverage, renew your policies and more.