The Jordan Association for Insurance Companies was established in 1956 to as the first Authority act as a regulatory body for insurance affairs in Jordan. It has been presided ever since by several Authorities member by pioneers from those who were involved in insurance business, at that period. And in 1987 the unified compulsory insurance office was established to hold the responsibility of insuring all vehicles, by stating its works under the control of the above association, which remained performing its duties until 1989, when a high Royal Decree was issued to establish the Jordan Insurance Federation with its regulation being set out to function as a regulatory and managing authority for the insurance sector according to certain objectives defined by this regulation to be achieved in cooperation with the Insurance Regulatory Commission
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Key Facts
Jordan Insurance Business Report 2017
Total premiums for 2016 amounted JD 583 million and the total Paid Claims amounted JD 447 million and the total Net Profits reached JD 30 million
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Central Bank and Federation Discusses the Draft Insurance Law for 2017
Central Bank and Federation Discusses the Draft Insurance Law for 2017
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