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The Regulatory Challenge

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BIO PROFILE

His Excellency Dr. Bassel Hindawi is the Director General of the Insurance Commission of Jordan. Since assuming this position in early 2000, he managed the implementation of a multi-year action plan aimed at modernizing the regulatory framework in accordance with international best practices and enhancing the efficiency of the insurance sector. This positioned the Insurance Commission of Jordan to be recognized as a model regulatory authority in the region.

Dr. Hindawi also led the initiative to establish the Arab Forum of Insurance Regulatory Commissions (AFIRC) in late 2006, as a regional driving force for insurance regulation by promoting collaboration, transparency and adoption of international standards, in order to ensure the creation of a well-governed, well-regulated and well-supervised regional insurance and reinsurance industry.

In his capacity as President of the International Association of Insurance Fraud Agencies (IAIFA), Dr. Hindawi spearheaded the restructuring of the Association in order to give it a global dimension in combating insurance fraud and maximize the level of integrity throughout the insurance industry.

Prior to leading the Insurance Commission of Jordan, Dr. Hindawi previously worked as an advisor to the Minister of Industry & Trade on Jordan’s accession to the World Trade Organization, and at the International Monetary Fund in Washington, in addition to being a lecturer at the George Washington University.

Some of His Excellency's professional activities and associations have been as follows:

President of the International Association of Insurance Fraud Agencies (IAIFA).

Founder of the Arab Forum of Insurance Regulatory Commissions.

Member of the Executive Committee of the International Association of Insurance Supervisors (IAIS).

Member of the Board of Directors of the International Insurance Society (IIS).

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