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August 28, 2016


First Insurance and Borouj sign Policy Issuance Agent Agreement


Amman – Petra


First Insurance Company and Borouj Insurance Agents Company signed a Policy Issuance Agent Agreement for First Insurance Company within its offices which are equipped with the state of the art equipment.


The Agreement, which was signed by the Chief Executive Officer of First Insurance Company, Dr. Ali Wazani and the Chief Executive Officer of the Company Mohammad Abu Qoura in the presence of a number of executives of both companies, comprises the issuance of insurance policies at its offices in favour of First Insurance Company and the provision of all services that the Company provides to its customers through this new outlet.


As for the Agreement, Dr. Wazani said that signing the Agreement with Borouj as an issuing agent of insurance policies with the provision of services that First Insurance Company provides to the customers is an expansion step to deliver insurance services to the largest sector of customers through the offices of a distinguished issuance agent who has all the advanced capabilities which are consistent with the Company's policy in providing the optimal services.


Al Wazani stated that this Agreement shall enable the Company's customers to acquire various insurance services that the Company provides through such agent over and above through many sales outlets made available by the Company at various areas in Amman and the Governorates which reached 17 direct sales outlets, through trained and qualified personnel for such purpose that the Company has made available for customers.


He added that the Company, after recently finalizing the merger with Yarmouk Insurance Company and through the great diversity in its services, seeks to reach the largest number of customers throughout the Kingdom through creating advanced sales outlets that are equipped with full capabilities, indicating that the Company is pressing forward in the expansion policy and spread throughout the Kingdom.


It is noted that the Company was able to maintain its credit rating whereby it acquired a global rating of B++ for the fifth time in a row with stable outlook which is granted by the Global Rating Agency A. M. Best as the highest rating for financial capability granted to a Jordanian Insurance Company, whereby the report indicated that the Company has set-up for itself an established stature in the Jordanian Insurance Market since its incorporation.

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