The insurance industry in Jordan: 2016 turnover

The insurance industry in Jordan: turnover per company 2015-2016

in thousands

	2016 turnover		2015 turnover		2016 shares	2015-2016 evolution⁽²⁾
	In JOD⁽¹⁾	In USD	In JOD⁽¹⁾	In USD	2016 shares	2015-2016 evolution⁽²⁾
Arab Orient Insurance	110 205	156 091	102 671	145 295	18.9%	7.34%
Jordan Insurance	61 493	87 097	56 861	80 467	10.5%	8.15%
Middle East Insurance	40 089	56 781	37 570	53 167	6.9%	6.70%
Solidarity-First Insurance	38 006	53 831	34 727	49 144	6.6%	9.44%
Al-Nisr Al-Arabi Insurance	30 613	43 359	29 893	42 303	5.3%	2.41%
Jordan French Insurance	25 815	36 564	25 000	35 379	4.4%	3.26%
United Insurance	23 035	32 626	22 661	32 069	4.0%	1.65%
Islamic Insurance	23 003	32 581	22 902	32 410	3.9%	0.44%
MetLife Alico	21 287	30 150	18 856	26 684	3.7%	12.89%
Jordan International Ins.	20 412	28 911	12 834	18 162	3.6%	59.05%
Euro Arab Insurance Group	20 295	28 745	21 729	30 750	3.5%	-6.60%
Arab Life & Accidents Ins.	19 769	28 000	17 818	25 215	3.4%	10.95%
Arabia Insurance - Jordan	19 486	27 599	17 771	25 149	3.3%	9.65%
National Insurance	18 822	26 659	19 555	27 673	3.2%	-3.75%
MEDGULF Insurance	18 801	26 629	16 938	23 970	3.2%	11.00%
Jerusalem Insurance	16 784	23 772	16 093	22 774	2.9%	4.29%
Arab Jordanian Ins. Group	14 554	20 614	13 372	18 923	2.5%	8.84%
Delta Insurance	14 131	20 015	14 603	20 665	2.4%	-3.23%
Arab Assurers	10 118	14 331	10 770	15 241	1.7%	-6.05%
Al Manara Insurance	8 291	11 743	8 339	11 801	1.4%	-0.58%
Jordan Emirates Insurance	7 727	10 944	9 115	12 899	1.3%	-15.23%
Arab Union International	7 560	10 708	8 742	12 371	1.3%	-13.52%
Holy Land Insurance	7 224	10 232	6 366	9 009	1.2%	13.48%
Philadelphia Insurance	5 417	7 672	6 514	9 218	0.9%	-16.84%
Total	582 937	825 654	551 700	780 738	100%	5.66%

⁽¹⁾ Jordanian Dinar
⁽²⁾ Growth rate in local currency

in thousands

	2016 turnover		2015 turnover		2015-2016 evolution ⁽²⁾	2016 shares
	In JOD⁽¹⁾	In USD	In JOD⁽¹⁾	In USD	2015-2016 evolution ⁽²⁾	2016 shares
Marine and aviation	22 119	31 329	24 085	34 084	-8.16%	3.79%
Fire and other property damage	74 745	105 867	69 511	98 368	7.53%	12.82%
Third party liability	6 659	9 431	7 429	10 513	-10.36%	1.14%
Motor	225 180	318 938	221 882	313 996	1.49%	38.63%
Credit	1 023	1 448	980	1 387	4.39%	0.18%
Other risks	11 132	15 767	11 046	15 632	0.78%	1.91%
Health	171 496	242 902	155 729	220 380	10.12%	29.42%
Total non life	512 354	725 682	490 662	694 360	4.42%	87.89%
Total Life	70 583	99 972	61 038	86 378	15.64%	12.11%
Grand total	582 937	825 654	551 700	780 738	5.66%	100%

⁽¹⁾ Jordanian Dinar
⁽²⁾ Growth rate in local currency

Market shares per class of business in 2016

Jordan insurance market life non life

Source : Jordan Insurance Federation (JOIF) Exchange rate as at 31/12/2016 : 1 JOD = 1.41637 USD; as at 31/12/2015 : 1 JOD = 1.41515 USD.

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Fri, 16/03/2018 - 15:33