Regulatory Alerts2025-01-02
Added · Updated
Instructions for the Terms and Conditions of the Traffic Accident Database 2024
The Central Bank of Jordan issued Instruction No. (19) of 2024, effective January 1, 2025, mandating that licensed insurance companies enter traffic accident data into a centralized database immediately upon claim registration. The Jordanian Union of Insurance Companies is required to establish electronic linkages for data entry and submit quarterly statements detailing accidents with issued diagrams but missing company data. Insurance companies must also register deductible amounts in the database when claims are opened and adhere to Central Bank cybersecurity directives.