The Jordanian Insurance Federation was established in 1989, succeeding the Jordanian Insurance Association, which was founded 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 during that period. 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.
In 2024, a new system was issued for the Jordanian Insurance Federation No. 26 of 2024 , which came into effect as of May 1, 2024. This system came in line with the requirements of the implementation 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 .
Under the new system, the previous system No. (107) of 2008 and its amendments were cancelled to take into account the requirements of the current and future stage and 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