Jordan Statistics

The Initial Financial Indicators (Premiums & Paid Claims) As on 30/4/2020 compared to 30/4/2019 for the Jordanian Insurance Market

The Initial Financial Indicators (Premiums & Paid Claims)

Of the 1st Quarter of 2020 of Insurance Market Jordan

Annual Initial Report of Insurance Business as in 2019 (1)
Annual Initial Report of Insurance Business as in 2019(2)
Annual Insurance Business Report in Jordan (The first half) 2019
 Annual Insurance Business Report in Jordan 2018
Annual Insurance Business Report in Jordan 2017
 Annual Insurance Business Report for the year 2017 (Initial) 
Annual Insurance Business Report for the first half of 2017 
Annual Insurance Business Report in Jordan 2016
Annual Report Insurance Business in Jordan 2015  
Annual Report Insurance Business in Jordan 2014  
Annual Insurance Business Report in Jordan 2013  
Annual Insurance Business Report 2012  
Annual Insurance Business Report in Jordan 2011
Annual Insurance Business Report 2010
Annual Insurance Business Report 2009
Annual Insurance Business Report 2008
Annual Insurance Business Report 2007  
Annual Insurance Business Report 2006  
Insurance Business in Jordan 2005  
Insurance Business in Jordan 2004 
Premiums of Jordan Insurance Market (1999- 2004)
Paid Claims of Jordan Insurance Market (1999- 2004)  
 

Jordanian Market Statistics

Insurance business in Jordan for the years  2000-2018

 
 

Indicators 2011-2018 

 
Year/Details      
2011
2012
2013
2014
2015
2016
2017
2018
Population in Jordan (Thousands)
6,249
6,388
6,530
8,804
9,532
9,798
10,053
10,309
GDP Growth Rate (Current Prices)
 ( Millions JD)
20,349,0
21,965,5
23,851,6
25,595.8
26,925.1
27,829.6
28,903.4
29,984.2
GDP Growth Rate (Constant Prices) (%)
2,6
2,7
2,8
3,4
2,6
2.1
2.1
1.9
Insurance  Penetration : premiums as  a % of GDP
2,1%
0,02%
2,1%
2,1%
2,1%
2,1%
2,09%
 
Insurance Density: premiums Per Capita in (JD)
69,9
73
75
79
57,7
59,5
59
 
Insurance Density: premiums Per Capita in (USD)
99
102,8
106
111
81,5
84
83
 
 
*Central Bank of Jordan Report 
 

Indicators 2006-2010 

Year/Details      
2006
2007
2008
2009
2010
Population in Jordan (Thousands)
5,600
5,723
5,850
5,980
6,113
GDP Growth Rate (Current Prices)
 ( Millions JD)
10,108.5
12,131.4
15,593.1
16,912,2
18,762,0
GDP Growth Rate (Constant Prices) (%)
6,4
8,2
7,2
5,5
2,3
Insurance  Penetration :premiums as  a % of GDP
2,6%
2,4%
2,3%
2,2%
2,1%
Insurance Density: premiums Per Capita in (JD)
46
51
57
61
66,7
Insurance Density:premiums Per Capita in (USD)
64,9
71,8
80,3
86
94
                      *Central Bank of Jordan Report

Indicators 2000-2005 

Year/Details      
2000
2001
2002
2003
2004
2005
Population in Jordan (Thousands)
5,039
5,182
5,329
5,480
5,350
5,473
GDP Growth Rate (Current Prices)
 ( Millions JD)
6,002,4
6,260,0
6,794,0
7,228,7
8,081,3
9,012,2
GDP Growth Rate (Constant Prices) (%)
4,2
4,2
5,8
4,2
8,4
7,2
Insurance  Penetration : premiums as  a % of GDP
1,7%
1,9%
2,2%
2,3%
2,4%
2,5%
Insurance Density: premiums Per Capita in (JD)
21,3
23,2
27,5
31,3
35,7
40,2
Insurance Density: premiums Per Capita in (USD)
30
32,7
38,7
44,1
50,3
56,6
              
                    *Central Bank of Jordan Report
 
 
 
 
 

 Insurance business in Jordan 2000-2018

 

Jordan Insurance Market 2014-2018

Year/Details      
2014
2015**
2016
2017
2018
Number of Insurance Companies*
25
24
24
24
 24
Total Underwritten Premiums
525,708,175
551,699,789
594,112,519
594,112,519
605,812,326
Growth Rate of Premiums
7,1%
5,0%
5,7%
1,9%
 2,0%
Non-Life Premiums (General Insurances)
472,611,662
490,661,534
514,275,918
514,275,918
519,724,726
Life Premiums
53,096,513
61,038,255
70,583,341
79,836,601
86,087,600
Total Paid Claims
372,917,554
371,770,416
446,964,295
458,372,635
 478,787,269
Growth Rate of Paid Claims
17,6%
-0,3%
20,2%
2,6%
 4,5%
Non-Life  Paid Claims (General Insurances)
344,374,715
344,558,383
410,241,246
415,004,819
 432,662,457
Life  Paid Claims
28,542,839
27,212,033
36,723,049
43,367,816
 46,124,812
Paid Up Capital
268,252,408
269,011,890
267.404.161
265,404,161
 266,454,161
Shareholders' Equity
330,478,326
326,774,468
341,558,182
333,014,679
 317,2820,777
Investments
524,584,846
535,738,799
543,109,109
565,656,646
 563,342,298
Net Technical Profit (Loss) Inside Jordan
34,911,556
34,011,510
30,579,469
3,471,377
 
Net Profit (Loss) (After Tax and Fees)
32,861,938
22,191,156
27,189,203
3,392,865
 15,348,563
 
 

Jordan Insurance Market 2006-2013

Year/Details      
2006
*2007
2008
2009
2010
2011
2012
2013
Number of Insurance Companies*
26
28
28
28
28
28
28
25
Total Underwritten Premiums
258,736,797
291,477,348
333,023,330
365,153,256
408,615,426
437,430,746
461,666,655
490,931,905
Growth Rate of Premiums
17,7%
12,7%
14,3%
9,6%
11,9%
7,1%
5,5%
6,3%
Non-Life Premiums (General Insurances)
233,583,048
262,297,337
297,154,942
330,275,456
370,577,314
369,630,414
417,899,775
443,494,763
Life Premiums
25,153,740
29,180,011
35,868,388
34,877,797
38,038,112
40,800,332
43,766,880
47,437,142
Total Paid Claims
174,438,813
207,483,990
221,590,640
263,403,516
282,104,033
344,934,714
323,042,201
317,028,992
Growth Rate of Paid Claims
15,8%
19,0%
6,8%
18,9%
7,1%
22.3%
-6,3%
-1,9%
Non-Life  Paid Claims (General Insurances)
163,492,462
193,489,265
204,765,757
243,938,511
261,732,863
323.566.510
298,777,527
292,521,621
Life  Paid Claims
10,946,351
13,994,725
16,824,883
19,465,005
20,371,170
21.368.204
24,264,674
24,507,371
Paid Up Capital
206,605,477
244,577,300
304,407,585
287,295,477
295,650,680
289,150,680
294,375,680
281,285,750
Shareholders' Equity
284,895,683
327,862,087
356,657,523
357,135,796
352,210,767
313,054,211
305,466,737
316,177,915
Investments
410,299,674
457,088,728
470,539,512
484,550,578
473,875,623
453,794,243
488,638,165
499,750,512
Net Technical Profit (Loss) Inside Jordan
11,508,624
10,493,545
17,484,463
7,210,697
13,992,634
-1,186,838
8,829,118
21,987,593
Net Profit (Loss) (After Tax and Fees)
13,352,101
8,082,470
14,058,148
1,749,076
11,387,771
-9,881,607
1,559,651
18,446,472
 

Jordan Insurance Market 2000-2005

 
Year/Details      
2000
*2001
2002
2003
2004
2005
Number of Insurance Companies*
27
26
26
26
26
26
Total Underwritten Premiums
104,178,891
120,436,687
146,874,607
171,528,692
191,423,990
219,847,834
Growth Rate of Premiums
4,4%
15,6%
22,0%
16,8%
11,6%
14,8%
Non-Life Premiums (General Insurances)
87,895,060
103,036,891
128,348,244
151,893,836
169,900,093
196,942,206
Life Premiums
16,283,831
17,399,796
18,526,363
19,634,856
21,523,897
22,905,628
Total Paid Claims
67,749,948
79,811,200
86,187,509
108,109,230
123,576,149
142,843,721
Growth Rate of Paid Claims
5,9%
25,3%
8,1%
14,5%
4,7%
10,5%
Non-Life  Paid Claims (General Insurances)
59,901,201
70,100,801
76,168,260
97,965,227
112,130,326
132,568,167
Life  Paid Claims
7,848,747
9,710,399
10,019,249
10,144,003
11,445,823
10,275,554
Paid Up Capital
70,095,700
74,701,865
75,284,000
81,314,000
84,696,000
130,713,554
Shareholders' Equity
84,998,045
88,620,607
96,218,467
124,273,073
160,766,187
277,011,140
Investments
146,700,000
150,575,774
168,969,659
213,956,789
263,591,478
410,149,594
Net Technical Profit (Loss) Inside Jordan
1,189,255
1,175,526
7,989,511
11,021,324
14,455,766
18,455,195
Net Profit (Loss) (After Tax and Fees)
5,166,067
6,894,476
10,104,336
17,201,912
33,282,159
77,212,542
  • The number of Insurance Companies in the year (2001) decreased because (Jordan and Gulf Company) was liquidated.
  • The number of Insurance Companies in the year (2007) increased because of registering two new companies (Darkom and MED Gulf) Companies.
-   The number of Insurance Companies decreased to be (25) Insurance Companies in the year (2013)
because (Gerasa Insurance Company, Al Barakah Takaful Company and Arab German Insurance) were liquidated from the market.
* The figures above represent the operations of 24 insurance companies including (Alyarmouk insurance company which was merged with First insurance company) in 18/11/2015 as its figures were included in the new company after merger and was called SOLIDARITY-First Insurance.