The insurance industry remains profitable against all obstacles

The Jordanian insurance market has generated 13.7 million JOD (19.42 million USD) of profits in 2013. This performance is driven by the underwriting activities and by an increase in investment products.

Compulsory motor insurance remains, nonetheless, widely in deficit. Gross written premiums reached 482 million JOD (683 million USD), that is 3% more than 2012.

Negative factors include: weak local regulations, dissolution of supervisory bodies, maintained competitive tariffs, erosion of solvency margins, the economic austerity policy conducted by the government and the unrest in neighboring countries.

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