Directory of Insurance Companies
Operating in the Jordanian Insurance Market
- General Information about Companues
- Corporate Financial Indicators
(2020&2019)two years Directory
Mid Annual Report 2020
Directory of Insurance Companies
Operating in the Jordanian Insurance Market
(2019&2018)two years Directory
The Initial Financial Indicators (Premiums & Paid Claims)
Of the 1st Quarter of 2020 of Insurance Market Jordan
Jordanian Market Statistics
Insurance business in Jordan for the years 2000-2019
Indicators 2011-2019
Year/Details
|
2011
|
2012
|
2013
|
2014
|
2015
|
2016
|
2017
|
2018
|
2019
|
Population in Jordan (Thousands)
|
6,249
|
6,388
|
6,530
|
8,804
|
9,532
|
9,798
|
10,053
|
10,309
|
10,554
|
GDP Growth Rate (Current Prices)
( Millions JD)
|
20,349,0
|
21,965,5
|
23,851,6
|
25,595.8
|
27,089,5
|
28,106,7
|
29,400,4
|
30,481,8
|
31,597,1
|
GDP Growth Rate (Constant Prices) (%)
|
2,6
|
2,7
|
2,8
|
3,4
|
2,5
|
2
|
2.1
|
1.9
|
2
|
Insurance Penetration : premiums as a % of GDP
|
2,1%
|
0,02%
|
2,1%
|
2,1%
|
2,1%
|
2,1%
|
2,09%
|
2,02%
|
1,9%
|
Insurance Density: premiums Per Capita in (JD)
|
69,9
|
73
|
75
|
79
|
57,7
|
59,5
|
59
|
59
|
58,3
|
Insurance Density: premiums Per Capita in (USD)
|
99
|
102,8
|
106
|
111
|
81,5
|
84
|
83
|
83
|
82,3
|
*Central Bank of Jordan Report
Indicators 2006-2010
Year/Details
|
2006
|
2007
|
2008
|
2009
|
2010
|
Population in Jordan (Thousands)
|
5,600
|
5,723
|
5,850
|
5,980
|
6,113
|
GDP Growth Rate (Current Prices)
( Millions JD)
|
10,108.5
|
12,131.4
|
15,593.1
|
16,912,2
|
18,762,0
|
GDP Growth Rate (Constant Prices) (%)
|
6,4
|
8,2
|
7,2
|
5,5
|
2,3
|
Insurance Penetration :premiums as a % of GDP
|
2,6%
|
2,4%
|
2,3%
|
2,2%
|
2,1%
|
Insurance Density: premiums Per Capita in (JD)
|
46
|
51
|
57
|
61
|
66,7
|
Insurance Density:premiums Per Capita in (USD)
|
64,9
|
71,8
|
80,3
|
86
|
94
|
*Central Bank of Jordan Report
Indicators 2000-2005
Year/Details
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
Population in Jordan (Thousands)
|
5,039
|
5,182
|
5,329
|
5,480
|
5,350
|
5,473
|
GDP Growth Rate (Current Prices)
( Millions JD)
|
6,002,4
|
6,260,0
|
6,794,0
|
7,228,7
|
8,081,3
|
9,012,2
|
GDP Growth Rate (Constant Prices) (%)
|
4,2
|
4,2
|
5,8
|
4,2
|
8,4
|
7,2
|
Insurance Penetration : premiums as a % of GDP
|
1,7%
|
1,9%
|
2,2%
|
2,3%
|
2,4%
|
2,5%
|
Insurance Density: premiums Per Capita in (JD)
|
21,3
|
23,2
|
27,5
|
31,3
|
35,7
|
40,2
|
Insurance Density: premiums Per Capita in (USD)
|
30
|
32,7
|
38,7
|
44,1
|
50,3
|
56,6
|
*Central Bank of Jordan Report
Insurance business in Jordan 2000-2019
Jordan Insurance Market 2014-2019
Year/Details
|
2014
|
2015**
|
2016
|
2017
|
2018
|
2019
|
Number of Insurance Companies*
|
25
|
24
|
24
|
24
|
24
|
24 |
Total Underwritten Premiums
|
525,708,175
|
551,699,789
|
594,112,519
|
594,112,519
|
605,812,329
|
615,295,003
|
Growth Rate of Premiums
|
7,1%
|
5,0%
|
5,7%
|
1,9%
|
2,0%
|
1,6%
|
Non-Life Premiums (General Insurances)
|
472,611,662
|
490,661,534
|
514,275,918
|
514,275,918
|
519,724,729
|
529,596,648
|
Life Premiums
|
53,096,513
|
61,038,255
|
70,583,341
|
79,836,601
|
86,087,600
|
85,698,355
|
Total Paid Claims
|
372,917,554
|
371,770,416
|
446,964,295
|
458,372,635
|
478,901,071
|
490,254,476
|
Growth Rate of Paid Claims
|
17,6%
|
-0,3%
|
20,2%
|
2,6%
|
4,5%
|
2,4%
|
Non-Life Paid Claims (General Insurances)
|
344,374,715
|
344,558,383
|
410,241,246
|
415,004,519
|
432,776,259
|
436,155,112
|
Life Paid Claims
|
28,542,839
|
27,212,033
|
36,723,049
|
43,367,816
|
46,124,812
|
54,099,364
|
Paid Up Capital
|
268,252,408
|
269,011,890
|
267.404.161
|
265,404,161
|
266,454,161
|
271,322,852
|
Shareholders' Equity
|
330,478,326
|
326,774,468
|
341,558,182
|
333,014,679
|
317,160,446
|
325,624,556
|
Investments
|
524,584,846
|
535,738,799
|
543,109,109
|
565,656,646
|
563,477,298
|
577,074,023
|
Net Technical Profit (Loss) Inside Jordan
|
34,911,556
|
34,011,510
|
30,568,909
|
3,790,195
|
16,786,544
|
24,873,772
|
Net Profit (Loss) (After Tax and Fees)
|
32,861,938
|
22,191,156
|
27,189,203
|
3,392,865
|
15,086,272
|
19,359,004
|
Jordan Insurance Market 2006-2013
Year/Details
|
2006
|
*2007
|
2008
|
2009
|
2010
|
2011
|
2012
|
2013
|
Number of Insurance Companies*
|
26
|
28
|
28
|
28
|
28
|
28
|
28
|
25
|
Total Underwritten Premiums
|
258,736,797
|
291,477,348
|
333,023,330
|
365,153,256
|
408,615,426
|
437,430,746
|
461,666,655
|
490,931,905
|
Growth Rate of Premiums
|
17,7%
|
12,7%
|
14,3%
|
9,6%
|
11,9%
|
7,1%
|
5,5%
|
6,3%
|
Non-Life Premiums (General Insurances)
|
233,583,048
|
262,297,337
|
297,154,942
|
330,275,456
|
370,577,314
|
369,630,414
|
417,899,775
|
443,494,763
|
Life Premiums
|
25,153,740
|
29,180,011
|
35,868,388
|
34,877,797
|
38,038,112
|
40,800,332
|
43,766,880
|
47,437,142
|
Total Paid Claims
|
174,438,813
|
207,483,990
|
221,590,640
|
263,403,516
|
282,104,033
|
344,934,714
|
323,042,201
|
317,028,992
|
Growth Rate of Paid Claims
|
15,8%
|
19,0%
|
6,8%
|
18,9%
|
7,1%
|
22.3%
|
-6,3%
|
-1,9%
|
Non-Life Paid Claims (General Insurances)
|
163,492,462
|
193,489,265
|
204,765,757
|
243,938,511
|
261,732,863
|
323.566.510
|
298,777,527
|
292,521,621
|
Life Paid Claims
|
10,946,351
|
13,994,725
|
16,824,883
|
19,465,005
|
20,371,170
|
21.368.204
|
24,264,674
|
24,507,371
|
Paid Up Capital
|
206,605,477
|
244,577,300
|
304,407,585
|
287,295,477
|
295,650,680
|
289,150,680
|
294,375,680
|
281,285,750
|
Shareholders' Equity
|
284,895,683
|
327,862,087
|
356,657,523
|
357,135,796
|
352,210,767
|
313,054,211
|
305,466,737
|
316,177,915
|
Investments
|
410,299,674
|
457,088,728
|
470,539,512
|
484,550,578
|
473,875,623
|
453,794,243
|
488,638,165
|
499,750,512
|
Net Technical Profit (Loss) Inside Jordan
|
11,508,624
|
10,493,545
|
17,484,463
|
7,210,697
|
13,992,634
|
-1,186,838
|
8,829,118
|
21,987,593
|
Net Profit (Loss) (After Tax and Fees)
|
13,352,101
|
8,082,470
|
14,058,148
|
1,749,076
|
11,387,771
|
-9,881,607
|
1,559,651
|
18,446,472
|
Jordan Insurance Market 2000-2005
Year/Details
|
2000
|
*2001
|
2002
|
2003
|
2004
|
2005
|
Number of Insurance Companies*
|
27
|
26
|
26
|
26
|
26
|
26
|
Total Underwritten Premiums
|
104,178,891
|
120,436,687
|
146,874,607
|
171,528,692
|
191,423,990
|
219,847,834
|
Growth Rate of Premiums
|
4,4%
|
15,6%
|
22,0%
|
16,8%
|
11,6%
|
14,8%
|
Non-Life Premiums (General Insurances)
|
87,895,060
|
103,036,891
|
128,348,244
|
151,893,836
|
169,900,093
|
196,942,206
|
Life Premiums
|
16,283,831
|
17,399,796
|
18,526,363
|
19,634,856
|
21,523,897
|
22,905,628
|
Total Paid Claims
|
67,749,948
|
79,811,200
|
86,187,509
|
108,109,230
|
123,576,149
|
142,843,721
|
Growth Rate of Paid Claims
|
5,9%
|
25,3%
|
8,1%
|
14,5%
|
4,7%
|
10,5%
|
Non-Life Paid Claims (General Insurances)
|
59,901,201
|
70,100,801
|
76,168,260
|
97,965,227
|
112,130,326
|
132,568,167
|
Life Paid Claims
|
7,848,747
|
9,710,399
|
10,019,249
|
10,144,003
|
11,445,823
|
10,275,554
|
Paid Up Capital
|
70,095,700
|
74,701,865
|
75,284,000
|
81,314,000
|
84,696,000
|
130,713,554
|
Shareholders' Equity
|
84,998,045
|
88,620,607
|
96,218,467
|
124,273,073
|
160,766,187
|
277,011,140
|
Investments
|
146,700,000
|
150,575,774
|
168,969,659
|
213,956,789
|
263,591,478
|
410,149,594
|
Net Technical Profit (Loss) Inside Jordan
|
1,189,255
|
1,175,526
|
7,989,511
|
11,021,324
|
14,455,766
|
18,455,195
|
Net Profit (Loss) (After Tax and Fees)
|
5,166,067
|
6,894,476
|
10,104,336
|
17,201,912
|
33,282,159
|
77,212,542
|
-
The number of Insurance Companies in the year (2001) decreased because (Jordan and Gulf Company) was liquidated.
-
The number of Insurance Companies in the year (2007) increased because of registering two new companies (Darkom and MED Gulf) Companies.
- The number of Insurance Companies decreased to be (25) Insurance Companies in the year (2013)
because (Gerasa Insurance Company, Al Barakah Takaful Company and Arab German Insurance) were liquidated from the market.
* The figures above represent the operations of 24 insurance companies including (Alyarmouk insurance company which was merged with First insurance company) in 18/11/2015 as its figures were included in the new company after merger and was called SOLIDARITY-First Insurance.