Jordan – Plans of insurers to raise solvency margins
Tuesday, 08 15 2017, Category: Insurance and Reinsurance, Country: Jordan
Mr. Nafe Attari, Director of technical and financial supervision and licensing at the at the Insurance Directorate of the Ministry of Industry and Trade and Supply commented the decrease of the solvency margin of a number of insurance companies, saying that this is one indicator among a range of indicators and he said “the requested solvency margin of insurers is 150%, and this will depend on their profits and losses”.
Moreover, Mr. Attari told “Al Balad News” that the role of the Insurance Directorate at the Ministry of Industry and Trade and Supply is to address the company if its solvency margin decreases in order for it to set a plan to increase the solvency margin with appropriate measures within a deadline in order to improve the situation of the company.
Source: Al Balad News