The Central Bank of Jordan has allowed Arab Assurers Insurance Company to partially resume operations from Nov. 5, 2026, limited to domestic worker and expatriate insurance contracts. The decision follows legal undertakings and corrective measures taken by the company to meet regulatory requirements, allowing it to continue implementing its financial, technical and administrative remediation plan. The company has pledged to settle and pay outstanding claims owed to policyholders and beneficiaries within four months of the decision and to resolve pending cases under applicable legal requirements. It remains under heightened supervision. Failure to implement the remediation plan or meet its obligations to policyholders and beneficiaries within the specified period could trigger stricter legal and regulatory action.
Central Bank of Jordan allows Arab Assurers Insurance to resume domestic worker and expatriate cover
The Central Bank of Jordan has permitted Arab Assurers Insurance Company to resume only domestic worker and expatriate insurance business from Nov. 5, 2026, following undertakings and corrective measures. The company has committed to paying outstanding claims within four months while completing its remediation plan. Heightened supervision continues, with stricter legal and regulatory action possible for noncompliance.