Synopsis
Timetric's 'Non-Life Insurance in Jordan Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Jordanian non-life insurance segment, and a comparison of the Jordanian insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Jordanian economy and demographics, explains the various types of natural hazard and their impact on the Jordanian insurance industry, and provides detailed information on the competitive landscape in the country.
The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Summary
Timetric's 'Non-Life Insurance in Jordan Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Jordanian non-life insurance segment, including:
The Jordanian non-life segment's detailed outlook by product category
A comprehensive overview of the Jordanian economy and demographics
A comparison of the Jordanian non-life insurance segment with its regional counterparts
The various distribution channels in the Jordanian non-life insurance segment
Detailed analysis of natural hazards and their impact on the Jordanian insurance industry
Details of the competitive landscape in the non-life insurance segment in Jordan
Details of regulatory policy applicable to the Jordanian insurance industry
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Jordan:
It provides historical values for the Jordanian non-life insurance segment for the report's 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
It offers a detailed analysis of the key categories in the Jordanian non-life insurance segment, and market forecasts to 2021.
It provides a comparison of the Jordanian non-life insurance segment with its regional counterparts
It analyzes the various distribution channels for non-life insurance products in Jordan.
It analyzes various natural hazards and their impact on the Jordanian insurance industry
It profiles the top non-life insurance companies in Jordan, and outlines the key regulations affecting them.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Jordanian non-life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Jordanian non-life insurance segment.
Assess the competitive dynamics in the non-life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Jordanian insurance industry, and their impact on companies and the industry's future.
Key Highlights
In October 2017, a draft law was prepared by the Central Bank of Jordan (CBJ) and the Ministry of Industry, Trade and Supply to establish a framework through which the Central Bank will supervise the insurance industry in Jordan.
In 2016, the government of Jordan decided to exempt insurers undergoing mergers from tax.
In February 2016, the Jordanian Cabinet assigned the regulation of the insurance industry to the CBJ. In October 2017, however, a draft law was prepared by CBJ and the Ministry of Industry, Trade and Supply to establish a framework through which Central Bank will supervise the Jordanian insurance industry.
Motor insurance was the largest non-life category, accounting for 68.3% of the segment's direct written premium in 2016.
Non-Life Insurance in Jordan, Key Trends and Opportunities to 2021
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability
6 Distribution Channel Outlook
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Droughts
7.3 Landslides
7.4 Earthquakes
7.5 Snowstorms
7.6 Wildfires
7.7 Man-made Hazards
7.8 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Arabia Insurance Company - company overview
8.1.2 Jordan Insurance Company - company overview
8.1.3 Arab Jordanian Insurance Group - company overview
8.1.4 National Insurance Company - company overview
8.1.5 AL-Nisr Al-Arabi Insurance Company - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Workers' compensation insurance
9.4.3 Liability insurance for ships with respect to oil pollution
9.4.4 Aviation liability insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Insurance Directorate
9.5.3 Jordan Insurance Federation
9.6 Non-Admitted Insurance Regulation
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Property Insurance
10.4 Motor Insurance
10.5 Motor Insurance by Product
10.6 Liability Insurance
10.7 Marine, Aviation and Transit Insurance
10.8 Financial Lines
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric's Services
12.4 Disclaimer
List of Tables
Table 1: Jordanian Non-Life Insurance - Key Facts, 2016
Table 2: Jordanian Non-Life Insurance - Segment Shares of the Top Insurers, 2016
Table 3: Jordanian Government Credit Ratings
Table 4: Jordanian Non-Life Insurance - Gross Written Premium (JOD Million and US$ Million), 2012-2016
Table 5: Jordanian Non-Life Insurance - Penetration (%), 2012-2016
Table 6: Jordanian Non-Life Insurance - Gross Written Premium (JOD Million and US$ Million), 2016-2021
Table 7: Jordanian Non-Life Insurance - Penetration (%), 2016-2021
Table 8: Jordanian Non-Life Insurance - Premium per Capita (JOD and US$), 2012-2016
Table 9: Jordanian Non-Life Insurance - Premium per Capita (JOD and US$), 2016-2021
Table 10: Jordanian Non-Life Insurance - Paid Claims (JOD Million and US$ Million), 2012-2016
Table 11: Jordanian Non-Life Insurance - Paid Claims (JOD Million and US$ Million), 2016-2021
Table 12: Jordanian Non-Life Insurance - Profitability Ratio (%), 2012-2016
Table 13: Jordanian Non-Life Insurance - Profitability Ratio (%), 2016-2021
Table 14: Jordanian Non-Life Insurance - Direct Written Premium by Category (JOD Million), 2012-2016
Table 15: Jordanian Non-Life Insurance - Direct Written Premium by Category (JOD Million), 2016-2021
Table 16: Jordanian Non-Life Insurance - Direct Written Premium by Category (JOD Million), 2012-2021
Table 17: Jordanian Property Insurance - Direct Written Premium (JOD Million and US$ Million), 2012-2016
Table 18: Jordanian Property Insurance - Direct Written Premium (JOD Million and US$ Million), 2016-2021
Table 19: Jordanian Property Insurance - Paid Claims (JOD Million and US$ Million), 2012-2016
Table 20: Jordanian Property Insurance - Paid Claims (JOD Million and US$ Million), 2016-2021
Table 21: Jordanian Property Insurance - Loss Ratio (%), 2012-2016
Table 22: Jordanian Property Insurance - Loss Ratio (%), 2016-2021
Table 23: Jordanian Motor Insurance - Direct Written Premium by Sub-Category (JOD Million), 2012-2016
Table 24: Jordanian Motor Insurance - Direct Written Premium by Sub-Category (JOD Million), 2016-2021
Table 25: Jordanian Motor Insurance - Paid Claims (JOD Million and US$ Million), 2012-2016
Table 26: Jordanian Motor Insurance - Paid Claims (JOD Million and US$ Million), 2016-2021
Table 27: Jordanian Motor Insurance - Loss Ratio (%), 2012-2016
Table 28: Jordanian Motor Insurance - Loss Ratio (%), 2016-2021
Table 29: Jordanian Liability Insurance - Direct Written Premium (JOD Million and US$ Million), 2012-2016
Table 30: Jordanian Liability Insurance - Direct Written Premium (JOD Million and US$ Million), 2016-2021
Table 31: Jordanian Liability Insurance - Paid Claims (JOD thousands and US$ thousands), 2012-2016
Table 32: Jordanian Liability Insurance - Paid Claims (JOD thousands and US$ thousands), 2016-2021
Table 33: Jordanian Liability Insurance - Loss Ratio (%), 2012-2016
Table 34: Jordanian Liability Insurance - Loss Ratio (%), 2016-2021
Table 35: Jordanian Transport Network - Global Rankings
Table 36: Jordanian Marine, Aviation and Transit Insurance - Direct Written Premium (JOD Million and US$ Million), 2012-2016
Table 37: Jordanian Marine, Aviation and Transit Insurance - Direct Written Premium (JOD Million and US$ Million), 2016-2021
Table 38: Jordanian Marine, Aviation and Transit Insurance - Paid Claims (JOD thousands and US$ thousands), 2012-2016
Table 39: Jordanian Marine, Aviation and Transit Insurance - Paid Claims (JOD thousands and US$ thousands), 2016-2021
Table 40: Jordanian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2012-2016
Table 41: Jordanian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2016-2021
Table 42: Jordanian Non-Life Segment - Market Shares of Leading Insurers (%), 2016
Table 43: Arabia Insurance - Key Facts
Table 44: Arabia Insurance Company - Key Financials (JOD Million), 2012-2016
Table 45: Jordan Insurance Company - Key Facts
Table 46: Jordan Insurance Company - Key Financials (JOD Million), 2012-2016
Table 47: Arab Jordanian Insurance Group - Key Facts
Table 48: Arab Jordanian Insurance Group - Key Financials (JOD Million), 2012-2016
Table 49: National Insurance Company - Key Facts
Table 50: National Insurance Company - Key Financials (JOD Million), 2012-2016
Table 51: AL-Nisr Al-Arabi Insurance Company - Key Facts
Table 52: AL-Nisr Al-Arabi Insurance Company - Key Financials (JOD Million), 2012-2016
Table 53: Jordan - Insurance Regulatory Framework Key Features
Table 54: Jordan - Life Insurance Regulatory Framework
Table 55: Jordan - Property Insurance Regulatory Framework
Table 56: Jordan - Motor Insurance Regulatory Framework
Table 57: Jordan - Liability Insurance Regulatory Framework
Table 58: Jordan - Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
Table 59: Jordan - Minimum Capital Requirements
Table 60: Jordan - Corporate Tax Rates for the Financial Year 2016
Table 61: Jordanian Insurance Industry - Policies and Premium, 2012-2016
Table 62: Jordanian Insurance Industry - Policies and Premium, 2016-2021
Table 63: Jordanian Non-Life Insurance - Claims and Expenses, 2012-2016
Table 64: Jordanian Non-Life Insurance - Claims and Expenses, 2016-2021
Table 65: Jordanian Non-Life Insurance - Property Insurance, 2012-2016
Table 66: Jordanian Non-Life Insurance - Property Insurance, 2016-2021
Table 67: Jordanian Non-Life Insurance - Motor Insurance, 2012-2016
Table 68: Jordanian Non-Life Insurance - Motor Insurance, 2016-2021
Table 69: Jordanian Non-Life Insurance - Motor Insurance by Product, 2012-2016
Table 70: Jordanian Non-Life Insurance - Motor Insurance by Product, 2016-2021
Table 71: Jordanian Non-Life Insurance - Liability Insurance, 2012-2016
Table 72: Jordanian Non-Life Insurance - Liability Insurance, 2016-2021
Table 73: Jordanian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 74: Jordanian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 75: Jordanian Non-Life Insurance - Financial Lines, 2012-2016
Table 76: Jordanian Non-Life Insurance - Financial Lines, 2016-2021
Table 77: Insurance Industry Definitions
List of Figures
Figure 1: Jordanian Real GDP (JOD Billion), 2012-2021
Figure 2: Jordanian Inflation Rate, 2012-2021
Figure 3: Jordanian Current Account Balance, 2012-2016
Figure 4: Jordanian Unemployment Rate, 2012-2021
Figure 5: Jordanian Population by Age Group, 1994-2025
Figure 6: Jordanian Insurance Segment By Direct Written Premium Shares - Regional Comparison (%), 2016
Figure 7: Jordanian Insurance Segment By Direct Written Premium Shares - Regional Comparison (%), 2016
Figure 8: Jordanian Non-Life Insurance - Gross Written Premium (JOD Million), 2012-2021
Figure 9: Jordanian Non-Life Insurance - Penetration (%), 2012-2021
Figure 10: Jordanian Non-Life Insurance - Premium per Capita (JOD), 2012-2021
Figure 11: Jordanian Non-Life Insurance - Paid Claims (JOD Million), 2012-2021
Figure 12: Jordanian Property Insurance - Direct Written Premium by Sub-Category (JOD Million), 2012-2021
Figure 13: Jordanian Property Insurance - Paid Claims (JOD Million), 2012-2021
Figure 14: Jordanian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (JOD Million and %), 2012-2021
Figure 15: Jordanian Motor Insurance - Direct Written Premium by Sub-Category (JOD Million), 2012-2021
Figure 16: Jordanian Motor Insurance - Direct Written Premium Dynamics by Sub-Category, 2012-2021
Figure 17: Jordanian Motor Insurance - Paid Claims (JOD Million), 2012-2021
Figure 18: Jordanian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (JOD Million and %), 2012-2021
Figure 19: Jordanian Liability Insurance - Direct Written Premium (JOD Million), 2012-2021
Figure 20: Jordanian Liability Insurance - Paid Claims (JOD), 2012-2021
Figure 21: Jordanian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (JOD Million and %), 2012-2021
Figure 22: Jordanian Marine, Aviation and Transit Insurance - Direct Written Premium (JOD Million), 2012-2021
Figure 23: Jordanian Marine, Aviation and Transit Insurance - Paid Claims (JOD), 2012-2021
Figure 24: Jordanian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (JOD Million and %), 2012-2021
Figure 25: Jordanian Non-Life Segment - Market Shares of Leading Insurers (%), 2016
Figure 26: Jordan - Insurance Supervision and Control at Various Levels
Figure 27: Jordan - Insurance Regulatory Frameworks for Company Registration and Operation
Global Agricultural Insurance Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 94
Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by The difficulty of designing good products and by demand constraints.
The global Agricultural Insurance market was valued at US$ 47750 million in 2023 and is an......
Global Agricultural Insurance Market Growth (Status and Outlook) 2024-2030
Published: 04-Jan-2024 Price: US 3660 Onwards Pages: 120
According to our LPI (LP Information) latest study, the global Agricultural Insurance market size was valued at US$ 46710 million in 2023. With growing demand in downstream market, the Agricultural Insurance is forecast to a readjusted size of US$ 67940 million by 2030 with a CAGR of 5.5% during review period.
The research report highlights the growth potential of the global Agricultural Insurance market. Agricultural Insurance are expected to show stable growth in the future market. How......
Global Agricultural Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030
Published: 01-Jan-2024 Price: US 3480 Onwards Pages: 120
According to our (Global Info Research) latest study, the global Agricultural Insurance market size was valued at USD 49130 million in 2023 and is forecast to a readjusted size of USD 69470 million by 2030 with a CAGR of 5.1% during review period.
Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater invest......
Global Agriculture Insurance and Reinsurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
Published: 21-Nov-2023 Price: US 3380 Onwards Pages: 127
Market Overview of Global Agriculture Insurance and Reinsurance market:
According to our latest research, the global Agriculture Insurance and Reinsurance market looks promising in the next 5 years. As of 2022, the global Agriculture Insurance and Reinsurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Reinsurance is insurance that is purchased by an insurance company. In the class......
Global Agricultural Insurance Market Status and Outlook 2023-2028
Published: 13-Nov-2023 Price: US 3160 Onwards Pages: 122
Agricultural insurance is an insurance policy that involves the insured (farmers) paying a small amount (premium), usually a percentage paid to the insurance company (insurance company) to guarantee any risks (death, flood, drought, etc.) within the insurance coverage The loss caused.
Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each s......
Global Auto Insurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
Published: 31-Oct-2023 Price: US 3380 Onwards Pages: 111
Market Overview of Global Auto Insurance market:
According to our latest research, the global Auto Insurance market looks promising in the next 5 years. As of 2022, the global Auto Insurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Auto Insurance market, with a......
Global Agricultural Insurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
Published: 03-Oct-2023 Price: US 3380 Onwards Pages: 122
Market Overview of Global Agricultural Insurance market:
According to our latest research, the global Agricultural Insurance market looks promising in the next 5 years. As of 2022, the global Agricultural Insurance market was estimated at USD 38769.96 million, and it's anticipated to reach USD 46953.41 million in 2028, with a CAGR of 3.24% during the forecast years.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of th......
Global Agricultural Insurance Market Insights, Forecast to 2029
Published: 21-Sep-2023 Price: US 4900 Onwards Pages: 112
Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by the difficulty of designing good products and by demand constraints.
Market Analysis and Insights: Global Agricultural Insurance Market
The global Agricultura......
Global General Insurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
Published: 05-Sep-2023 Price: US 3380 Onwards Pages: 107
Market Overview of Global General Insurance market:
According to our latest research, the global General Insurance market looks promising in the next 5 years. As of 2022, the global General Insurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global General Insurance ma......
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 -
[email protected] / +1 888 391 5441 )
- Ad Hoc
-
- Pay - as - you - go / Bucket Subscriptions
- Fixed Cost for #of reports
- Customize / Personalize as per your needs
