The Jordan Insurance Federation (JIF) was established in 1956 as the first authority acting as a regulatory and professional body for insurance matters in Jordan. Since its inception, it has been led by several prominent figures, pioneers in the insurance industry at that time. JIF continued its duties until 1989, when a Royal Decree formally established the Federation, designating it as a regulatory and administrative authority for the insurance sector. The regulation defined specific objectives for the Federation, to be achieved in coordination with the Insurance Commission.
In 2008, a new regulation was introduced to restructure the Federation, granting the chairman, vice chairman, and authorized director eligibility to stand as candidates in board elections. This regulation further redefined the Federation’s goals and objectives. Subsequently, in May 2024, Regulation No. 26 was issued, transferring supervision of the insurance sector to the Central Bank of Jordan and expanding the Federation's mandate.
Today, the Federation represents 20 member insurance companies, working to advocate for their interests and to foster cooperation among them to enhance and organize the insurance industry. JIF collaborates with the Insurance Directorate at the Central Bank and other relevant entities within the insurance sector at local, regional, and international levels.
Its initiatives seek to increase public awareness of insurance through professional seminars, conferences, and training programs. In pursuit of this mission, JIF conducts research, publishes studies and statistics relevant to the insurance sector, and issues brochures, publications, newsletters, and other resources supporting various insurance activities. In addition, JIF facilitates the settlement of financial obligations among its members through clearing procedures, promoting technical cooperation by enabling the exchange of information and expertise within the Federation. Mechanisms for systematic data and information sharing have been established to support this aim.
Furthermore, JIF seeks to establish insurance and reinsurance pools, subject to the approval of the Insurance Directorate, and to enter into agreements with official authorities and relevant entities to advance the objectives of the insurance sector.
