Jordanian insurance market: turnover decline in Q1 2020

According to data published by the Jordanian Insurance Federation (JIF), the market has recorded a turnover of 176.2 million JOD (248.6 million USD) in the first half of 2020.

This marks a decline by 1.3% in comparison with the 178.6 million JOD (251.904 million USD) reported in the same period of 2019.

The market is dominated by the health, motor, life and fire activities which represent respectively 40.9%, 27.2%, 14.9% and 11.5% of the local underwritings.

The compensations paid to the insured decreased by 8.2% and were established at 108.1 million JOD (152.468 million USD). By the end of March 2020, the top 5 Jordanian insurance companies accounted for 44.4% of the market premiums. 24 insurers now operate within the country.