As Iraq embarks upon serious post-war reconstruction efforts, the country’s banking, finance, and insurance sectors have been identified as key target areas for growth and reform. Both Iraq’s insurance and banking and finance sectors have suffered considerably from years of sanctions and war. The country’s insurance sector, once the most robust in the Middle East, has few Iraqi companies capable of meeting the domestic market’s needs, while the banking and finance sector continues to struggle to develop the private banking segment and reduce the prominence of the public sector.