The Jordanian Insurance Federation was established in 1989, succeeding the Jordanian Insurance Association, which was established in 1956 as the first body to regulate the insurance sector in Jordan. The association was chaired by several bodies, whose members included pioneers working in the insurance sector at that time. The association continued its work until 1989, when the Federation’s bylaws were issued, defining its objectives and working mechanism, in addition to forming the Federation’s Board of Directors, its tasks, and regulating the Federation’s relationship with other entities and institutions. This bylaw remained in effect until 2008 with the issuance of Bylaw No. 107 of 2008, pursuant to which the composition of the Board of Directors was restructured, increasing the number of members from five to seven, and reviewing its objectives and tasks.
In 2024, a new regulation was issued for the Jordanian Insurance Federation No. 26 of 2024, which came into effect as of May 1, 2024. This regulation is in line with the requirements of Insurance Business Regulation Law No. 12 of 2021, pursuant to which new amended legislation was issued that is consistent with the new concepts contained in the law after transferring supervision of insurance business in the Kingdom to the Central Bank of Jordan, especially strengthening the principle of corporate governance and empowering executive management in insurance companies and institutions under the umbrella of the law. This regulation takes into account the requirements of the current and future phases and is in line with the directions of the Central Bank of Jordan to enhance the performance of the insurance sector in the Kingdom and increase the confidence of those dealing with it through the presence of financial institutions and insurance companies that are financially sound and capable of providing the best insurance services .
التشريعات الخاصة بالتأمين