Integrated training programme in governance, risk and compliance for insurance companies in Iraq

Iraqi law asks licensed insurance companies for a wide set of reports and obligations: periodic financial reports to the Insurance Diwan, quarterly compliance reports, an annual governance report, suspicious-transaction reports to the Central Bank, and annual filings with the companies registrar at the Ministry of Finance. Many companies have a real gap in the people able to meet these obligations correctly and on time. The result is familiar: late or incomplete reports, weak replies to inspectors' observations, risk registers that are never updated, and a permanent reliance on outside consultants for every report.

This programme closes that gap at the root. It does not explain concepts; it trains the employee to prepare the report themselves, on the real template, with the realistic data they will work with in their company, until they can deal with the Insurance Diwan, the Central Bank and the Ministry of Finance independently.

Who it is for: compliance and governance officers, AML/CFT reporting officers, risk management and internal audit staff, and board secretaries and regulator liaison staff of licensed insurers.

How we train: every unit is built on a real working document (a full board minute, a suspicious-transaction report, a KYC review list for insurance customers, a 15-risk register for a model insurer, a quarterly compliance report that the trainee completes). We start with explanation and guided practice, then the trainee prepares the reports under supervision, and the programme ends with an assessment unit in which the trainee prepares the year-end reports alone. Role-play sessions rehearse the moments that matter: how do you receive the inspector, how do you present the report and the supporting evidence, how do you handle an official observation without panic.

Eleven units, eight training days: the Iraqi regulatory landscape; board governance; anti-money laundering and counter-terrorism financing; risk management; internal audit and replying to observations; the quarterly compliance report; Ministry of Finance obligations; quality of supervisory reports; the annual governance report; year-end reports as an independent application; final assessment and certification.

Assessment and certificate: a 20-question theory test (30 percent), a complete supervisory report prepared from realistic data and marked against the Diwan's standards (50 percent), and a role-play with the inspector (20 percent). Successful trainees receive a Triangulum certificate of completion; the Association receives a closing report on each trainee's performance.

Delivered in Arabic, two days a week. Each trainee receives a complete Arabic training manual with every template, list and exercise, plus quick-reference cards on the regulators, reporting deadlines and the company's basic data. The next run will be scheduled with the Iraqi Insurers and Reinsurers Association; register your interest and we will contact you with the dates.