Middle East Insurance Company discontinues motor insurance operations

Following an in-depth review by its Board of Directors, Middle East Insurance Company (MEICO) has decided to permanently withdraw from the motor insurance sector.

Effective 1 January 2026, the Jordanian insurer will cease underwriting new motor insurance policies, a move prompted by continued losses and persistent challenges in the local mandatory motor insurance market.

This decision forms part of MEICO’s responsible management strategy to enhance operational efficiency, preserve financial strength, and refocus resources on higher value-added classes of business.

Existing motor insurance policyholders will continue to receive full service and coverage until the expiry of their contracts.