We aimed in this research to suggest an Insurance Regulatory Information System (IRIS); it is integrated with the nature of the Syrian insurance market. This system consists of scientific, practical and separated indicators for evaluating the performance of the Syrian insurance companies. Moreover, this system consists of previous indicators which are divided into four groups. Each group studies a different side of risks that are faced by the Syrian insurance companies. We devised a mechanism to distinguish among the studied sample according to the proposed indicators. Depending on earlier mechanism, the studied companies are classified into the companies that have positive performance and others that have negative one. We have applied the suggested IRIS to the studied sample which includes one Syrian public insurance company and six private insurance companies. We depend on appropriate statistical methods to test hypotheses during the studied period to achieve objectives of the research. Major findings serve the decision makers in the Syrian insurance companies. Suggested IRIS is a new scientific method which should be used in the local insurance field. Future studies should be interested in developing and increasing the number of previous indicators.