|
|
|
|
|
Insurance Business for the Year 2010
|
|
|
.
| |
| |
2010
|
2009
|
Change%
|
| |
(J.D)
|
|
|
Total Underwritten Premiums
|
408,628,410 |
365,153,256 |
%11,9 |
|
Non-Life Premiums (General Insurances)
|
276,563,384 |
248,151,909 |
%11,4 |
|
Life Premiums
|
38,038,112 |
34,877,797 |
%9,1 |
|
Medical Premiums
|
94,026,914
|
82,123,550
|
%14,5
|
|
Total Paid Claims
|
282,104,036
|
263,403,516
|
%7,1
|
|
Non-Life Paid Claims (General Insurances)
|
181,001,768
|
176,670,484
|
%2,5
|
|
Life Paid Claims
|
20,371,170
|
19,465,005
|
%4,7
|
|
Medical Paid Claims
|
80,731,098
|
67,268,027
|
%20
|
| |
Million(J.D)
|
|
|
Shareholders' Equity
|
353,4
|
362,7
|
%2,6-
|
|
Total Technical Provisions
|
237,3
|
216,3
|
%9,7
|
|
Paid Up Capital
|
295,7
|
287,3
|
%2,9
|
|
Total Shareholders' Equity&Technical Provisions
|
590,7
|
579
|
%2
|
|
Total of Statutory, Voluntary & Other Reserves
|
39,3 |
36,3 |
%8,5 |
|
Net Outstanding Reported Claims Reserve
|
77,9 |
70,5 |
%10 |
|
Total Assets
|
718,7
|
695,5
|
%3,3
|
|
Fixed Assets
|
59,9 |
45,2 |
%32 |
|
Other Asseets
|
11,9 |
11,4 |
%4 |
|
Investments
|
473,9
|
484,5
|
%2,2-
|
|
Retained Earnings (Accumulated Losses)
|
10,6-
|
0,7-
|
%1474
|
|
Net Profit (Before Tax)
|
15,9
|
7,3
|
%117,8
|
|
Net Technical Profit
|
14,6
|
7,2
|
%102,3
|
|
Net Profit (After Tax and Fees)
|
11,4
|
1,7
|
%551
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
2010
|
2009
|
|
Motor
|
176,714,733
|
150,027,926
|
|
Medical
|
94,026,914
|
82,123,550
|
|
Fire
|
56,293,153
|
54,354,414
|
|
Life
|
38,038,112
|
34,877,797
|
|
Marine
|
24,613,911
|
25,570,630
|
|
General Accident
|
18,477,552
|
17,591,231
|
|
Credit
|
464,035
|
607,708
|
|
Total
|
408,628,410
|
365,153,256
|
|
|
|
|
|
|
|
|
|
|
|
Paid Claims (million J.D)
|
|
|
| |
| |
2010
|
2009
|
|
Motor
|
160,331,462
|
147,058,192
|
|
Medical
|
80,731,098
|
67,268,027
|
|
Life
|
20,371,170 |
19,465,005 |
|
Fire
|
11,232,149
|
18,587,767
|
|
Marine
|
4,684,069
|
6,532,260
|
|
General Accident
|
2,660,586
|
3,566,097
|
|
Credit
|
2,093,502
|
926,168
|
|
Total
|
282,104,036
|
263,403,516
|
|
|
|
|
|
|
|
|
|
|
|
Written Premiums of Insurance Market 2006-2010
|
|
|
.
| |
| |
|
Arrange of Branch
|
Share of Gross %Premiums
|
Growth %
|
Arrange According to Average Growth
|
| |
2006
|
2007
|
2008
|
2009
|
2010
|
2010
|
2010
|
|
|
| MARINE INSURANCE* |
22.480.539 |
23.659.208 |
29.305.374 |
25,570,630 |
24,613,911 |
5 |
6 |
3,7- |
6 |
| Less (Local) reinsurers premiums |
1.059.363 |
923.008 |
1.009.692 |
746.095 |
1,070,048 |
| Less (Abroad) reinsurers premiums |
18.034.763 |
18.732.262 |
23.992.651 |
21,466,432 |
20,167,077 |
| Net retained premiums |
3.386.413 |
4.003.938 |
4.303.031 |
3.358.103 |
3,376,786 |
| FIRE INSURANCE |
35.157.911 |
42.107.238 |
47.261.451 |
54,354,414 |
56,293,153 |
3 |
13,8 |
3,6 |
5 |
| Less (Local) reinsurers premiums |
5.904.345 |
6.058.814 |
8.767.024 |
13,347,633 |
11,732,748 |
| Less (Abroad) reinsurers premiums |
27.347.592 |
33.859.232 |
36.255.601 |
38,431,711 |
41,845,714 |
| Net retained premiums |
1.905.974 |
2.189.192 |
2.238.826 |
2,575,070 |
2,714,691 |
| MOTOR INSURANCE |
121.046.810 |
129.986.435 |
139.192.995 |
150.027.926 |
176,714,734 |
1 |
43,3 |
18,7 |
1 |
| Less (Local) reinsurers premiums |
13.182.704 |
9.687.405 |
8.140.450 |
9.941.442 |
11,667,555 |
| Less (Abroad) reinsurers premiums |
4.374.560 |
4.412.971 |
4.865.815 |
4,183,267 |
4,123,105 |
| Net retained premiums |
103.489.546 |
115.886.059 |
126.186.730 |
135,903,217 |
160,924,074 |
| GENERAL ACCIDENT INSURANCE** |
11.234.062 |
13.943.182 |
15.291.697 |
17,591,231 |
18,477,552 |
6 |
4,5 |
5 |
4 |
| Less (Local) reinsurers premiums |
1.442.109 |
2.046.979 |
2.209.901 |
1,671,930 |
2,261,891 |
| Less (Abroad) reinsurers premiums |
5.400.258 |
8.004.959 |
9.076.937 |
11,563,529 |
10,903,670 |
| Net retained premiums |
4.391.695 |
3.891.244 |
4.004.859 |
4,355,772 |
5,311,991 |
| Credit Insurance |
766.198 |
784.230 |
766.946 |
607.708 |
464,035 |
7 |
0,1 |
23,6- |
7 |
| Less (Local) reinsurers premiums |
- |
- |
- |
- |
- |
| Less (Abroad) reinsurers premiums |
235.686 |
9.555 |
55.735 |
85.310 |
116,732 |
| Net retained premiums |
530.512 |
774.675 |
711.211 |
522.398 |
347,303 |
| TOTAL (NON-LIFE) INSURANCES |
190.685.520 |
210.480.293 |
231.818.463 |
248.151.909 |
276,563,385 |
- |
67,7 |
11,4 |
- |
| Less (Local) reinsurers premiums |
21.588.521 |
18.716.206 |
20.127.067 |
25.707.100 |
26,732,242 |
| Less (Abroad) reinsurers premiums |
55.392.859 |
65.018.979 |
74.246.739 |
75,730,249 |
77,156,298 |
| Net retained premiums |
113.704.140 |
126.745.108 |
137.444.657 |
146,714,560 |
172,674,845 |
| LIFE ASSURANCE |
25.153.740 |
29.180.011 |
35.868.388 |
34.877.797 |
38,038,112 |
4 |
9,3 |
9,1 |
3 |
| Less (Local) reinsurers premiums |
763.408 |
1.404.152 |
2.238.557 |
3.120.519 |
2,644,374 |
| Less (Abroad) reinsurers premiums |
6.132.999 |
7.001.073 |
9.929.611 |
9.501.204 |
11,265,495 |
| Net retained premiums |
18.257.333 |
20.774.786 |
23.700.220 |
22.256.074 |
24,128,243 |
| MEDICAL INSURANCE |
42.897.537 |
51.817.044 |
65.336.479 |
82.123.550 |
94,026,914 |
2 |
23 |
14,5 |
2 |
| Less (Local) reinsurers premiums |
82.289 |
82.636 |
92.494 |
591.280 |
624,881 |
| Less (Abroad) reinsurers premiums |
16.791.379 |
20.116.682 |
23.724.403 |
32.839.280 |
36,954,421 |
| Net retained premiums |
26.023.869 |
31.617.726 |
41.519.582 |
48.692.990 |
56,447,612 |
| TOTAL PREMIUMS UNDERWRITTEN |
258.736.797 |
291.477.348 |
333.023.330 |
365.153.256 |
408,628,411 |
- |
100 |
11,9 |
- |
| Less (Local) reinsurers premiums |
22.434.218 |
20.202.994 |
22.458.118 |
29.418.899 |
30,001,497 |
| Less (Abroad) reinsurers premiums |
78.317.237 |
92.136.734 |
107.900.753 |
118,070,733 |
125,376,214 |
| Net retained premiums |
157.985.342 |
179.137.620 |
202.664.459 |
217,663,624 |
253,250,700 |
*Marine Insurance premiums in 2010 include Aviation Insurance premiums with an amount of J.D (3,383,043) .
**General Accident Insurance premiums in 2010 include Liability Insurance premiums with an amount of J.D (6,298,395)in addition to other insurances
|
|
|
|
|
|
|
|
|
|
|
Paid Claims of Jordan Insurance Market 2006-2010
|
|
|
.
| |
| |
|
|
Arrange of Branch
|
Share of Gross Claims %
|
Growth %
|
Arrange According toAverage Growth
|
| |
2005
|
2006
|
2007
|
2008
|
2009
|
2010 |
2010
|
2010
|
|
|
| MARINE INSURANCE* |
3.535.048 |
3.560.454
|
5.512.832 |
8.231.767 |
6.532.260 |
4,684,069 |
5 |
1,7 |
28,3- |
6 |
| Recoveries* |
173.171
|
204.229 |
214.657 |
385.722 |
307.968 |
230,675 |
| Less Local Reinsurers Share* |
213.654 |
80.084 |
293.468 |
152.631 |
697.753 |
35,458 |
| Less (Abroad)Reinsurers Share* |
2.679.319 |
2.770.051 |
3.174.326 |
7.083.387 |
4.792.421 |
3,668,793 |
|
|
|
|
| Retained Claims* |
468.904 |
506.090 |
1.830.381 |
610.027 |
734.118 |
749,143 |
|
|
|
|
| FIRE INSURANCE |
11.607.891 |
21.218.351 |
25.228.349 |
12.513.183 |
18,587,767 |
11,232,149 |
4 |
4 |
39,6- |
7 |
| Recoveries* |
156.184
|
183.209 |
479.600 |
168.762 |
439,024 |
243,712 |
| Less Local Reinsurers Share* |
1.247.869 |
965.159 |
2.252.578 |
1.656.567 |
1,768,822 |
1,673,700 |
| Less (Abroad)Reinsurers Share* |
7.937.791 |
18.558.309 |
20.945.367 |
8.929.480 |
15,769,560 |
8,298,867 |
| Retained Claims* |
2.266.047 |
1.511.674 |
1.550.804 |
1.758.374 |
610,361 |
1,015,870 |
| MOTOR INSURANCE |
87.241.664 |
103.299.965 |
122.735.277 |
131.991.111 |
147,058,192 |
160,331,462 |
1 |
56,9 |
9 |
3 |
| Recoveries* |
10.861.117
|
14.687.134 |
17.003.017 |
20.526.643 |
23,435,690 |
23,270,635 |
| Less Local Reinsurers Share* |
3.980.656 |
5.163.848 |
4.348.802 |
3.335.187 |
3,084,306 |
4,637,059 |
| Less (Abroad)Reinsurers Share* |
6.464.452 |
4.744.769 |
5.369.946 |
3.734.046 |
3,366,783 |
4,428,996 |
| Retained Claims* |
65.935.439 |
78.704.214 |
96.013.512 |
104.395.235 |
117.171.413 |
127,994,772 |
| GENERAL ACCIDENT INSURANCE** |
2.118.734 |
1.729.187 |
1.638.804 |
1.701.571 |
3,566,097 |
2,660,586 |
6 |
0,9 |
25,4- |
5 |
| Recoveries* |
724.109
|
5.645 |
25.008 |
49.492 |
45,998 |
23,282 |
| Less Local Reinsurers Share* |
291.342 |
141.882 |
73.125 |
105.883 |
205,036 |
290,575 |
| Less (Abroad)Reinsurers Share* |
664.283 |
1.104.886 |
972.770 |
575.526 |
1,996,892 |
1,058,266 |
| Retained Claims* |
439.000 |
476.774 |
567.901 |
970.670 |
1,318,171 |
1,288,463 |
| CREDIT INSURANCE |
198.002 |
91.872 |
247.061 |
505.017 |
926.168 |
2,093,502 |
7 |
0,7 |
126 |
1 |
| Recoveries* |
-
|
-
|
98.082
|
115.234
|
198.168 |
449,632 |
| Less Local Reinsurers Share* |
-
|
-
|
-
|
-
|
- |
- |
| Less (Abroad)Reinsurers Share* |
157.605 |
90.457 |
133.386 |
217.790 |
223.445 |
592,576 |
| Retained Claims* |
40.397 |
1.415 |
15.593 |
171.993 |
504.555 |
1,051,294 |
| TOTAL NON-LIFE INSURANCES |
104.701.339 |
129.899.829 |
155.362.323 |
154.942.649 |
176,670,484 |
181,001,768 |
- |
64,2 |
2,5 |
- |
| Recoveries* |
11.914.581
|
15.080.217 |
17.820.364 |
21.245.853 |
24,,426,848 |
24,217,936 |
| Less Local Reinsurers Share* |
5.733.521 |
6.350.973 |
6.967.973 |
5.250.268 |
5,755,917 |
6,636,792 |
| Less (Abroad)Reinsurers Share* |
17.903.450 |
27.268.472 |
30.595.795 |
20.540.229 |
26,149,101 |
18,047,498 |
| Retained Claims* |
69.149.787 |
81.200.167 |
99.978.191 |
107.906.299 |
120.338.618 |
132,099,542 |
| LIFE ASSURANCE*** |
10.275.554 |
10.946.351 |
13.994.725 |
16.824.883 |
19.465.005 |
20,371,170 |
3 |
7,2 |
4,7 |
4 |
| Recoveries |
|
|
4.097 |
46.754 |
33.670 |
27,984 |
| Less Local Reinsurers share* |
51.983
|
85.894 |
211.264 |
1.744.123 |
215.491 |
329,672 |
| Less (Abroad)Reinsurers share* |
2.815.678 |
3.915.100 |
5.127.180 |
4.530.737 |
7.500.191 |
9,129,034 |
| Retained Claims* |
7.407.893 |
6.945.357 |
8.656.281 |
10.503.269 |
11.715.653 |
10,884,480 |
| MEDICAL INSURANCE |
27.866.828 |
33.592.633 |
38.126.942 |
49.823.108 |
67.268.027 |
80,731,098 |
2 |
28,6 |
20 |
2 |
| Recoveries* |
725.585
|
695.980 |
674.792 |
2.330.150 |
1.402.368 |
2,426,309 |
| Less Local Reinsurers Share* |
168.335 |
45.402 |
66.123 |
186.974 |
326.090 |
576,029 |
| Less (Abroad)Reinsurers Share* |
7.618.322 |
11.980.181 |
14.481.427 |
16.382.461 |
25.128.065 |
31,116,677 |
| Retained Claims* |
19.354.586 |
20.871.070 |
22.904.600 |
30.923.523 |
40.411.504 |
46,612,083 |
| Total Paid Claims |
142.843.721 |
174.438.813 |
207.483.990 |
221.590.640 |
263,403,516 |
282,104,036 |
- |
100 |
7,1 |
- |
| Recoveries* |
12.640.166
|
15.776.197 |
18.499.253 |
23.622.757 |
25,862,886 |
26,672,229 |
| Less Local Reinsurers Share* |
5.953.839 |
6.482.269 |
7.245.360 |
7.181.365 |
6,297,498 |
7,542,493 |
| Less (Abroad)Reinsurers Share* |
28.337.450 |
43.163.753 |
50.204.402 |
41.453.427 |
58,777,357 |
58,293,209 |
| * Retained Claims |
95.912.266 |
109.016.594 |
131.534.975 |
149.333.091 |
172.465.775 |
189,596,105 |
* No claims were paid in 2010 for Aviation Insurance.
** General Accident paid claims in 2010 include Liability Insurance paid claims in an amount of J.D (414,087) in addition to other insurances
*** Life Assurance paid claims in 2010 include the amounts paid for surender and maturity policies in an amount of J.D (5,747,424)
|
|
|
|
|
|
|
|
|
|
|
| |
|
Branch/Year
|
2010
|
Change%
2009
|
2009
|
Change%
2008
|
|
Marine Insurance
|
24,613,911
|
%3,7-
|
25,570,630
|
%14,9-
|
|
Fire Insurance
|
56,293,153
|
%3,6
|
54,354,414
|
%13,2
|
|
Motor Insurance
|
176,714,733
|
%17,8
|
150,027,926
|
%7,8
|
|
Compulsory (Third Party Liability Ins.)
|
121,561,126
|
%28,7
|
94,462,193
|
%10,0
|
|
Supplementary (Own Damage)Ins.
|
55,153,607
|
%0,7-
|
55,565,733
|
%4,2
|
|
Credit Insurance
|
464,035
|
%23,6-
|
607,708
|
%20,8-
|
|
General Accident Insurance
|
18,477,552
|
%5,0
|
17,591,231
|
%24,8
|
|
Total General Insurances
|
276,563,384
|
%11,4
|
248,151,909
|
%7,0
|
|
Life Assurance
|
38,038,112
|
%9,1
|
34,877,797
|
%2,8-
|
|
Medical Insurance
|
94,026,914
|
%14,5
|
82,123,550
|
%25,7
|
|
Total Life&Medical Insurances
|
132,065,026
|
%12,9
|
117,001,347
|
%15,6
|
|
Total Premiums
|
408,628,410
|
%11,9
|
365,153,256
|
%9,6
|
|
|
|
|
|
|
|
|
|
|
|
Insurance Sector Percentage Change (Gross Premiums & Total Paid Claims)
|
|
|
|
Year
|
Premiums Change%
|
Paid Claims Change%
|
|
2004
|
11.6%
|
14.3%
|
|
2005
|
14.5%
|
15.6%
|
|
2006
|
17.7%
|
22%
|
|
2007
|
12.7%
|
19%
|
|
2008
|
14.3%
|
5.5%
|
|
2009
|
9.6%
|
18.8%
|
| 2010 |
11.9%
|
7.1%
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Branch/Year
|
2010
|
Change%
2009
|
2009
|
Change%
2008
|
|
Marine Insurance
|
4,684,069
|
%28,3-
|
6,532,260
|
%20,6-
|
|
Fire Insurance
|
11,232,149
|
%39,6-
|
18,587,767
|
%47,9
|
|
Motor Insurance
|
160,331,462
|
%9,0
|
147,058,192
|
%11,3
|
|
Compulsory (Third Party Liability Ins.)
|
103,572,452
|
%12,8
|
91,827,805
|
%11,4
|
|
Supplementary(Own Damage)Ins.
|
56,759,010
|
%2,8
|
55,230,387
|
%11,2
|
|
Credit Insurance
|
2,093,502
|
%126,0
|
926,168
|
%83,4
|
|
General Accident Insurance
|
2,660,586
|
-25,4 %
|
3,566,097
|
%114,7
|
|
Total General Insurances
|
181,001,768
|
%2,5
|
176,670,484
|
%14,0
|
|
Life Assurance
|
20,371,170
|
%4,7
|
19,465,005
|
%15,7
|
|
Medical Insurance
|
80,731,098
|
%20,0
|
67,268,027
|
%35,0
|
|
Total Life&Medical Insurances
|
101,102,268
|
%16,6
|
86,733,032
|
%30,1
|
|
Total Paid Claims
|
282,104,036
|
%7,1
|
263,403,516
|
%18,8
|
|
|
|
|
|
|
|