JOFICO
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About JOFICO

Jordan French Insurance Company (JOFICO) was established in 1976 in partnership with (Compagnie Financière Du Groupe Victoire), with a capital of JD 250,000 at the time. Since then, JOFICO has grown to become one of Jordan’s leading insurance companies, playing a key role in the advancement and development of the insurance sector.

Driven by a vision cantered on excellence, flexibility, and transparency, JOFICO is committed to delivering high-quality insurance services tailored to the evolving needs of its clients. The company strives to build a long-term relationship with its clients by providing innovative and up-to-date insurance solutions.

At the core of JOFICO’s success is a set of guiding values that shape its business approach. With a highly experienced and specialized team, the company adopts a proactive, consultative methodology to identify risks, deliver effective solutions, and recommend optimal coverage all at competitive prices and with exceptional service standards.

With more than four decades of expertise, JOFICO has earned a strong reputation and a distinct competitive edge in delivering and managing insurance solutions for some of the most prominent institutions and sectors across the Hashemite Kingdom of Jordan.

Founder’s Vision

Mr. Wael Ayoub Zurub, “Sheikh Al Ta’meen” (may his soul rest in peace), founded JOFICO, Jordan French Insurance Company on March 20, 1976. Since its inception, he laid down a visionary strategy that positioned JOFICO as a pioneering force in the Jordanian insurance industry.

Through his leadership, JOFICO quickly gained the trust of numerous institutions across both the public and private sectors. The company played a vital role in promoting insurance awareness among individuals and organizations alike, significantly contributing to the development of a more informed and resilient society.

Beyond its business success, JOFICO has invested heavily in human capital—empowering generations of professionals to build meaningful careers in the insurance sector. Many of these individuals have gone on to lead insurance institutions across the region, carrying forward the legacy of excellence first instilled at JOFICO.

“Since 1976, our unwavering commitment has guided us on a path of sustained success. We take great pride in our accomplishments and remain dedicated to continual growth, grounded in firm principles and a strong professional foundation.
Today, JOFICO stands as a benchmark of leadership and innovation. Our journey is defined by a deep-rooted commitment to sustainability, development, and progress. With this enduring vision, we proudly continue to serve our clients, shareholders, and our beloved Jordan—under the wise Hashemite leadership .”
Dr. Wa'el Ayoub Zu'rub
Our Vision

To be a leading provider of comprehensive and integrated insurance solutions, distinguished by exceptional standards of excellence

Our Mission

Maintaining a high level of service to enhance company's role in the insurance sector by keeping pace with the ongoing development of information technology and investing strategically in human capital.

Providing flexible insurance programs tailored to meet the evolving needs of clients at competitive prices, supporting the company's financial stability and driving sustainable growth in market share.

Our Values

● Honesty
● Integrity
● Excellence
● Teamwork

1976

Our journey began

1987

Lincoln National Life Insurance Co - USA became a shareholder and life insurance department has been launched

1997

Jordan Armed Forces, Economic and Social Association for Retired Servicemen and Veterans (ESARSV), and Social Security Corporation became shareholders and joined the Board of Directors of JOFICO

1999

JOFICO and all its agents have obtained the ISO 9002.1194 certificate of excellence

2000

JOFICO acquired a 70% stake in Al-Mashreq Insurance Company - Ramallah, Palestine

2001

JOFICO celebrated its 25th anniversary and relocated to its current headquarters in Shmeisani

2006

JOFICO contributed in the establishment of the National Insurance Company in Syria, providing comprehensive technical and administrative support

2008

"JOFICO" increased its capital to 9.100.000 JOD through public offering 

2014

JOFICO expanded its presence across Jordan by opening new branches in several governorates

2018

The international rating agency AM Best has assigned JOFICO a credit rating of BB+

2019

JOFICO signed an agreement with MadfooatCom to facilitate online payments through eFawateercom, and implemented advanced systems to automate operational processes across its technical departments

2020

Donation of 100,000 JOD to Himmat Watan Fund and 10,000 JOD to Ministry of Health as a contribution to support national efforts to combat COVID-19 pandemic.

2022

Organizational Restructuring at JOFICO in alignment with Central Bank's Central Bank's regulations and establishment of Internal Audit and Risk and Compliance departments

2023

The international rating agency " Fitch Ratings " has assigned JOFICO a credit rating of (-BB)

About JOFICO
About JOFICO
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