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
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