Orange Money and MEICO Collaborator to Lunch Insurance Services, it has been disclose that the Collaboration come together as part of the teamwork for the arm of promoting innovation in the insurance technology (InsurTech)
Orange Money, the e-wallet owen Orange Jordan, and Middle East Insurance Company (MEICO) have come together to sign agreement to improve and develop insurance services and products that give an innovative digital experience that is easily accessed and can be acquired via the wallet’s app.the Collaboration come together as part of the teamwork for the arm of promoting innovation in the insurance technology (InsurTech)
It has been announce that The MoU was signed by the Chairman of Orange Money, Eng. Philippe Mansour, and the Chairman of MEICO, Mr. Zeid Kawar, it also Disclose that the General Manager of MEICO, Eng. Majed Smairat, and the CEO of Orange Money, Eng. Hiba Al Shareef was they and other representatives from both parties.
the both part which is Orange Money and MEICO also come to conclusion that MEICO’s “Haseen” product will be integrated into Orange Money’s wallet inoder to give innovative insurance services to contribute to serving society, introducing insurance inclusion, and accelerating digital transformation.
It disclose that The newly launched online product is the reason of last year’s hackathon, organized by the UNDP in partnership with the Central Bank of Jordan, the Jordan Insurance Federation, the Institute of Banking Studies, and the FinTech Academy, to develop advanced insurance products.
the CEO of Orange Jordan and Chairman of Orange Money, Eng. Philippe Mansour, has Disclose that the arms of this collaboration is to introduce good integration of FinTech solutions with the insurance ecosystem, enable the wallet’s users to benefit from broad insurance coverage build to fit their needs.
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the Chairman of Orange Money also said that the reasons of this partnership is to develop a secure and seamless digital payment solutions that will supports the National Financial Inclusion Strategy, which was led and introduces by the Central Bank of Jordan, while supporting the Kingdom’s vision towards advancing the digital economy. below are some comment they made during the event day
“This partnership embodies everything we stand for at Orange Money. Our core pillars center on providing comprehensive digital financial services built on efficiency and financial inclusion backed by the highest standards of digital protection. This strategic cooperation also reinforces our commitment to create a positive impact on our local communities while continuing to give our customers equal opportunities to improve the quality of life. Advancing insurance inclusion is a key step toward a new world of innovation that accelerates the digital transformation journey in Jordan.”
– Eng. Hiba Al Shareef, CEO, Orange Money
“This partnership reflects Middle East Insurance Company’s vision of building a more advanced and inclusive insurance ecosystem, driven by innovation and collaboration with strategic partners who deliver real value to customers. We believe that the integration of insurance and digital financial services will create new opportunities to expand access to insurance solutions, support economic development, and contribute to Jordan’s ongoing digital transformation.”
– Mr. Zeid Kawar, Chairman of the Board, Middle East Insurance Company
“This partnership marks another strategic milestone in Middle East Insurance Company’s digital transformation journey and reflects our commitment to developing innovative insurance solutions that make protection more accessible, convenient, and flexible. Through our collaboration with Orange Money, we aim to expand access to our services through trusted digital channels, enhancing insurance inclusion and elevating customer experience in line with our vision of delivering modern insurance solutions that meet the evolving needs of society and keep pace with the rapid advancements in financial technology.”
– Eng. Majed Smairat, General Manager, Middle East Insurance Company
It also Disclose by the people of Jordan that Orange Money is one of the biggest fitch e-payment service providers in Jordan a which 91% of people in the country use and it also Recored that more then 1.7 million people use the wallets share exceeding 50%. and many people in the country has disclose the interest of working with
