Bank of Jordan has signed a strategic partnership agreement with Gulf Insurance Group (GIG) – Jordan to launch bancassurance services, offering a comprehensive range of insurance solutions to both individual and corporate clients. This step reflects the bank’s commitment to building a more inclusive and integrated service model.

Under this collaboration, insurance products will be delivered through the bank’s existing channels alongside its financial services, giving clients a more seamless experience and easier access to solutions that meet their needs. It also simplifies the management of both financial and insurance commitments within a single, integrated system.

The agreement was signed by Saleh Rajab Hammad, Chief Executive Officer of Bank of Jordan Group, and Dr. Ali Wazaney, Chief Executive Officer of Gulf Insurance Group – Jordan. The partnership reflects a shared vision to develop an advanced business model that brings together banking and insurance services, enabling the delivery of integrated solutions built on a strong understanding of client needs while creating sustainable value and improving service efficiency.

Commenting on the agreement, Hammad highlighted that the partnership aligns with the bank’s strategic direction to strengthen its role as a provider of integrated financial solutions. He added that it supports the bank’s efforts to expand its offerings and deliver a more comprehensive approach to financial security, addressing the evolving needs of its customers and supporting their long-term stability. He noted that integrating banking and insurance services into a unified experience will make it easier and more efficient for customers to access a full range of solutions.

Hammad further explained that the partnership enhances the bank’s ability to deliver sustainable value by offering flexible, high-quality insurance products that strengthen financial protection and meet the needs of a wide range of customers, including individuals and businesses. He also highlighted that the initiative supports national efforts to expand insurance inclusion, a key pillar of the social protection system and an important component of the banking sector’s role in promoting financial and economic stability.

Meanwhile, Dr. Wazaney said, “At Gulf Insurance Group – Jordan, we believe in the importance of integration between the banking and insurance sectors, given its role in creating real added value for our clients. Through this agreement, we aim to deliver a modern, accessible insurance experience that addresses the diverse needs of individuals and enhances their financial security and future stability.”

It is worth noting that Bank of Jordan continues to strengthen its position as a leading financial institution by offering a wide range of banking services for individuals and businesses, including financing solutions, advanced digital services, account and deposit management, and trade finance. These services are delivered through a banking experience focused on innovation, accessibility, and service quality, enabling the bank to meet the needs of its clients across the markets in which it operates.

GIG Jordan is also among the Kingdom’s leading insurance providers, with extensive experience, a broad portfolio of insurance solutions, a strong credit rating, and a regional presence as part of one of the largest insurance groups in the Middle East and North Africa. This positions the company to deliver reliable insurance services that support client stability and meet their evolving needs.