Regulatory Alerts2023-06-05
Added · Updated
Minimum Capital Requirements for Insurance and Reinsurance Companies Instructions No. 6 of 2023
The Central Bank of Jordan issues Instructions No. 6 of 2023 establishing minimum capital thresholds for insurance and reinsurance entities. The directive sets the minimum capital at eight million dinars for general or life insurance companies, sixteen million dinars for those conducting both, one hundred million dinars for reinsurance companies, and one million dinars for registered companies. Existing licensed companies must submit a regularization plan within three months and achieve compliance by March 31, 2025.