Insurance Companies

Jordan Insurance Federation (JIF) comprises 24 member insurance companies licensed to practice in Jordan, of which 15 are composite insurers, seven offer general and medical insurance services, one insurer offers general excluding medical insurances, and one foreign insurance company provides life and medical protection covers.

Insurers in Jordan provide a variety of insurance covers including marine (insuring imported and exported cargo), compulsory and comprehensive motor insurance, fire, earthquake and general accident protection, credit insurance, liabilities covers, life, personal accidents and medical insurance protection in addition to a wide range of insurance protection covers.

Jordan’s insurance market does not include an insurance company. Insurance companies reinsure their operations, after deducting their retention, through Arab and foreign reinsurance companies. Moreover, insurance companies exchange capacities by jointly coinsuring large risks.

Insurance companies in Jordan by the type of business in 2017:

 

Total

Reinsurance company

Branch of a foreign insurer

(Life and medical insurance) provider

Composite insurers (general and life)

General and medical insurance providers

General insurance excluding medical insurer

24

NA

          1

15

7

1