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

The Jordanian insurance market recorded a profit worth 13 million JOD (18.3 million USD in the first half of 2019, up by 40% compared to the 9.3 million JOD (13 million USD) recorded during the same period of 2018.

Of the kingdom's 23 insurance companies, 22 submitted their financial results for the first six months of 2019. Among them, 20 entities posted profits, while two others were loss-making.

Intermediate financial results published by the Jordan Insurance Federation also showed a 2.2% decrease in written premiums at 316.3 million JOD (446 million USD) against 323.9 JOD (456.8 million USD) one year earlier.