Jordan French Insurance Company (JOFICO) has a financial performance that Fitch Ratings views as a rating weakness although it is improving since 2023. Fitch, in a report released yesterday, says that it expects JOFICO to report positive profitability in 2024.
The Jordan Medical Association (JMA) has decided that its members would stop dealing with insurance companies as of 16 October 2024 if the 2024 doctors' remuneration list remained unapproved then. The decision was made on 23 September.
The AqabaConf2025, to be held jointly by the Jordan Insurance Federation (JIF) and the General Arab Insurance Federation (GAIF) is scheduled to take place between 11-14 May 2025.
A Cabinet session, headed by Prime Minister Bisher Khasawneh, approved the 2024 Mandatory Vehicle Insurance Bylaw on 21 July 2024.
Jordan Insurance Company (JIC) has a track record of adequate operating performance, despite challenging market conditions in the Jordanian and UAE markets, says AM Best.
The Central Bank of Jordan (CBJ) is preparing a draft insurance law aimed at regulating the contractual relationship between insurance companies and the insured, providing a stable legal foundation for these relationships, CBJ governor Dr Adel Sharkas, has said.
A new fee schedule for doctors for all medical procedures has been approved, providing for the first increase since 2008, Dr Ziad Al-Zoubi, head of the Jordan Medical Association (JMA), has confirmed.
The Jordan Insurance Federation (JIF) held its annual meeting last week to discuss the Federation's annual administrative report for 2023 and review vital issues affecting the future of the insurance industry in Jordan as well as to elect a new board of directors for the coming term.
Fears have been rekindled that private-sector doctors could launch a boycott of insurance companies on 10 June 2024 and accept only cash payments for medical treatment.
Financial experts have warned of the risks to the insurance and financing sectors arising from loans granted to finance Chinese electric vehicles (EVs) imported from free-zone dealers.