Get access to Axco’s online product with the latest market intelligence for the market of your choice
Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Jordan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Jordan's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Jordan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Jordan's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Jordan's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Jordan, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Jordan, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Jordan with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Despite the territory being under a prolonged lockdown due to the COVID-19 pandemic, only lifted in March 2021, there have been no specific consequences in the non-life insurance market as exhibited elsewhere. There were no demands for premium rebating for unused policy cover for any class, nor offers of discounted renewal premiums. Policy wordings for non-damage business interruption were sufficiently tight that no claims were admitted or paid, although some businesses did submit claims. Treaty renewals, and thus direct business, are now subject to the usual London market ....
This is a brief extract of information; more updated information may be available in the latest published report
