Khaberni - Gulf Insurance Group – Jordan (GIG) signed a credit inquiry service agreement with CRIF Jordan, a move aimed at enhancing the use of credit reports and information in the insurance sector, supporting the group's ability to evaluate clients, manage risks, and make decisions based on reliable data, in line with its direction towards adopting the latest digital solutions and improving service efficiency.
The agreement was signed by Dr. Ali Al-Wazni, CEO of Gulf Insurance Group – Jordan, and Dr. Ahmed Al-Amoudi, General Manager of CRIF Jordan.
The agreement is part of the efforts led by the Central Bank of Jordan, in cooperation with the Jordan Insurance Companies Association, to develop the regulatory and digital environment of the insurance sector, and to enhance its integration with the national credit inquiry system, and expand the use of data in risk assessment and insurance services development.
Under the agreement, Gulf Insurance Group – Jordan joins the CRIF Jordan system to benefit from the credit inquiry services in studying customer behavior and their financial obligations, which supports evaluation processes, improves the ability to determine risk levels, and enhances the quality of decisions. The group will also provide CRIF Jordan with data on installment insurance policies, in accordance with the approved legal and technical frameworks, contributing to enhancing the comprehensiveness and accuracy of credit information, while committing to the highest standards of information security and data protection.
This cooperation also contributes to the development of the sector's tools, enhances its efficiency, boosts confidence in the investment environment, and improves institutions' ability to manage risks through the use of data and digital solutions.
On this occasion, Dr. Ali Al-Wazni, CEO of Gulf Insurance Group – Jordan, said:
“We are proud of this agreement, which represents a new step in our journey towards investing in digital solutions and innovations that contribute to the development of the insurance sector. This agreement is an important milestone in enhancing the efficiency of our operations, developing our risk management system, and providing more advanced and flexible services, thereby enhancing the added value we offer to our customers and reinforcing our leading position in the market.”
For his part, Dr. Ahmed Al-Amoudi, General Manager of CRIF Jordan, said:
“This agreement aligns with the regulatory and developmental efforts aimed at enhancing reliance on credit reports in the insurance sector operations. Integrating insurance companies into the credit inquiry system contributes to building a more comprehensive picture of customers' financial behavior and supporting the development of more accurate risk assessment models, which enhances the efficiency of decision-making while ensuring data is exchanged electronically according to the highest technical and regulatory requirements, preserving the security and accuracy of information.”
This agreement affirms Gulf Insurance Group – Jordan's commitment to continuing to invest in digital solutions and enhance the efficiency of its operations, contributing to the improvement of the quality of insurance services and supporting the development of the insurance sector in the kingdom according to best global practices.
