Jordan Insurance Report Q4 2016

Publisher Name :
Date: 03-Sep-2016
No. of pages: 50

BMI View: Despite the country's increasing security challenges, both the life and non-life insurance

markets are well placed to expand over the next few years. Insurance penetration and density rates are low,

and robust growth in GDP and household incomes should allow both sub-sectors to prosper over the

forecast period through to 2020. Investors and potential new entrants to the market will be further

encouraged by the fragmentation of the market, with 25 providers competing in the non-life segment alone.

A gradual uptick in merger and acquisition activity over recent years suggest a greater trend towards

consolidation, with the government thought to be broadly favourable of reducing the number of smaller

players in the market. However, regional and multinational insurers are likely to look for clearer signs of

stabilisation in the surrounding region before increasing their exposure to the market.

Key Updates And Forecasts:

? A lack of consolidation continues to prove a significant obstacle to the development of the insurance

sector. The non-life segment in particular remains extremely fragmented, with some 25 providers

competing. In December 2015, the CEO of the Arab Orient Insurance Company Isam Abdelkhaliq

called for the government to promote the consolidation of the industry by limiting the number of new

licenses given to companies.

? In April 2016, First Insurance completed its takeover of Yarmouk Insurance. The deal was the first

major merger within Jordan's insurance market for 25 years.

Jordan Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (Jordan 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Jordan 2013-2020) 12
Table: Life Insurance Claims (Jordan 2008-2014) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (Jordan 2013-2020) 17
Table: Non-Life Insurance Claims (Jordan 2009-2014) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums By Product Line (Jordan 2013-2020) 30
Insurance Risk/Reward Index 31
MENA Insurance Risk/Reward Index 31
Table: MENA Insurance Risk/Reward Index - Q416 32
Market Overview 33
Life Market Overview 33
Product Offering 33
Competitive Landscape 33
Table: Life Insurance Market Share, 2007-2013 (USDmn) 35
Non-Life Market Overview 37
Product Offering 37
Competitive Landscape 37
Table: Non-Life Insurance Market Share, 2007-2013 (USDmn) 39
Company Profile 41
Arab Orient Insurance Company 41
Methodology 44
Industry Forecast Methodology 44
Risk/Reward Index Methodology 47
Table: Indicators 49
Table: Weighting of Indicators 50

List of Tables

Table: Headline Insurance Forecasts (Jordan 2013-2020)
Table: Life Premiums (Jordan 2013-2020)
Table: Life Insurance Claims (Jordan 2008-2014)
Table: Non-Life Premiums (Jordan 2013-2020)
Table: Non-Life Insurance Claims (Jordan 2009-2014)
Table: Non-Life Insurance Premiums By Product Line (Jordan 2013-2020)
Table: MENA Insurance Risk/Reward Index - Q416
Table: Life Insurance Market Share, 2007-2013 (USDmn)
Table: Non-Life Insurance Market Share, 2007-2013 (USDmn)
Table: Indicators
Table: Weighting of Indicators
  • Asia Pacific Makeup Market To Grow Owing To Impactful Promotion And Progress Of Distribution Networks
    The Asia Pacific makeup market is one of the most assorted and active markets in the cosmetics industry throughout the world and is projected to grow at a CAGR of 7.1% between 2013 and 2019. The makeup market in Asia Pacific is assessed to be worth US$22.31 billion by 2019. The world-wide market was at an approximation of US$14.76 [...]
  • Growing Demand in Emergent Markets To Boost Bakery Ingredients Market
    The baking ingredients market is predictable to grow at a CAGR of 5.2% from 2015 to reach an estimated value of US$ 15.19 billion by 2020. Evolving economies throughout the globe have been displaying demand for bakery ingredients at a greater rate in agreement with the economic growth. Numerous companies have been occupied on refining [...]
  • Packaging Sector Driven By Innovation
    The financial development in numerous emerging nations has significantly influenced the progress of quite a lot of sectors, the packaging industry being one of them. The swell in transport undertakings outfitting to a substantial number of industries such as manufacturing, consumer goods, food and beverages, and others rest essentially on sturdy and resilient packaging solutions [...]
  • Global Eyewear Market To Gain From Increased Demand For Disposable Contact Lenses
    The global eyewear market was worth US$ 102.66 billion in 2015 and is predictable to reach US$ 184.03 billion by 2024. The rising population and upsurge in the number of optical disorders are likely to propel the industry in the near future. Moreover, the increasing cognizance amongst people as regards to the prominence of eye [...]
  • Global mHealth Market To Become A Multi-Billion Dollar Industry By 2020
    The mHealth market is in its embryonic stage and is projected to produce substantial profits with amassed awareness level and encouraging regulatory guidelines particular to the quality and practicality of mobile-based medical devices. The global mHealth market is projected to touch US$ 49.12 billion by 2020 rising at a CAGR of 47.6% from 2013 to 2020. Monitoring services [...]
  • Global IoT Insurance Market Size, Status and Forecast 2022
    Published: 20-Feb-2017        Price: US 3300 Onwards        Pages: 103
    Notes: Production, means the output of IoT Insurance Revenue, means the sales value of IoT Insurance This report studies the global IoT Insurance market, analyzes and researches the IoT Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - International Business Machines - SAP SE - Oracle - Google - Microsoft - Ci......
  • The Insurance Industry in Botswana Key Trends and Opportunities to 2020
    Published: 20-Feb-2017        Price: US 1450 Onwards        Pages: 104
    Synopsis Timetric's 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the ......
  • The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020
    Published: 07-Feb-2017        Price: US 1450 Onwards        Pages: 89
    Synopsis Timetric's 'The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Rwandan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast (2015-2020) periods. The report also gives a comprehensive overview of Rwanda's economy and......
  • The Rise of Big Data in Insurance
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 27
    Synopsis Data has undoubtedly altered the way the insurance industry works, enabling companies to access more information about customers and allowing them to offer the potential for cheaper premiums and rewards. Telematics, wearables, and connected homes are the main established examples. The health sector is where big data's impact is most evident, with wearable technology increasingly used by large insurers, which offer cheaper premiums, reward schemes and health ben......
  • Customer Segmentation in UK Insurance: Evolving Landscapes
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 25
    Financial services is evolving, and the launch of new products - most of which are technology-based - is becoming ever-more frequent. While insurance is steeped in tradition, the industry is beginning to change and evolve - which will be necessary to appeal to Evolving Landscapes consumers, many of whom see no room for traditional businesses in the future. Key Findings 50% of consumers fit into the Evolving Landscapes category, indicating that many rema......
  • The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020
    Published: 24-Jan-2017        Price: US 1450 Onwards        Pages: 112
    Synopsis Timetric's 'The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mozambican insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Moza......
  • The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020
    Published: 23-Jan-2017        Price: US 1450 Onwards        Pages: 136
    Synopsis Timetric's 'The Insurance Industry in Mauritius, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mauritian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Maurit......
  • Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020
    Published: 16-Jan-2017        Price: US 2795 Onwards        Pages: 72
    Synopsis Timetric's 'Professional Indemnity and D&O Insurance in the UK - Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including: The UK's professional indemnity and D&O insurance business growth prospects by segment and category A comprehensive overview of the growth drivers The detailed competitive landscape of ......
  • Targeting UK Mass Affluents with Insurance
    Published: 06-Jan-2017        Price: US 1295 Onwards        Pages: 37
    Summary The mass affluent population in the UK is growing, meaning the demographic is an opportunity for providers selling personal insurance. Mass affluents are more likely to be male, have higher household incomes, and be married compared to retail customers. The assets of mass affluents are higher value, making their insurance needs more complex. They have different lifestyles compared to retail customers, meaning they also have different insurance needs. They trav......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs