Asia and Pacific

Asia and Pacific

Code
ASI
Region type
Official

Risk rating and grading of the PASI investment portfolio

In order to achieve good corporate governance, the Risk Management Department developed an excel model for Risk Rating and Grading of the PASI investment portfolio for more effective risk management:
 

1. Design Risk Measurement Models:

Data is collected from PASI investments on a monthly basis to calculate the Yearly Volatility and Return.
 

2. Capital Asset Pricing Model (CAPM)

Calculation of Beta, Expected Return and Drift Rate.
 

Assessment of the work place according to the occupational health and safety standards

The Social Security Corporation (SSC) has started to assess the work place according to the occupational health and safety standards since January, 2014. This initiative is based on the legislative reform that took place in the Social Security Law number (1) for the year 2014. This assessment also stems from the increase in the numbers of work place accidents and occupational diseases that have occurred. Therefore, the main objective of this initiative is to enhance the culture of occupational health and safety standards in the work place.

Policies and procedures project

The Public Authority for Social Insurance (PASI) has been responsible for developing internal policies and procedures to facilitate customers' access to the deliverables set by the Social Insurance Law.

PASI's goal is to ensure that all policies and procedures are made available to all staff and that they are written in such a way as to clearly specify the policies and procedures for any given matter.

Electronic collection of contributions

In its efforts to enhance and facilitate the services and operations, the Social Security Corporation (SSC) has introduced a new electronic collection tool. This channel of collection is based on depositing and transferring the accrued contributions from covered establishments and voluntary contributors. This initiative is currently available through the SSC website (www.ssc.gov.jo) and is called eFAWATEERcom.