Jordanian insurance market: increasing profits in 2019

GrowthAccording to preliminary data published by the Jordan Insurance Federation, the market reported a profit of 21.8 million JOD (30.8 million USD) in 2019, up 38.9% compared to the 15.7 million JOD (22.1 million USD) of 2018.

Only four out of the 24 companies operating on the market reported losses amounting to 3.5 million JOD (4.9 million USD) in 2019. For their part, the written premiums grew to 614.5 million JOD (866.7 million USD) in 2019 against 606.6 million JOD (855.6 million USD) one year earlier, that is a growth of only 1.3%.

Read also | Jordanian insurance market: increasing profit by 40% in the first half of 2019

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