Jordan Statistics


 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  2000-2017

 

 

 

Indicators 2011-2017

 

Year/Details      

2011

2012

2013

2014

2015

2016

2017

Population in Jordan (Thousands)

6,249

6,388

6,530

6,675

9,532

9,798

10,053

GDP Growth Rate (Current Prices)

 ( Millions JD)

20,349,0

21,965,5

23,851,6

25,437,1

26,637,4

27,444,8

28,448,5

GDP Growth Rate (Constant Prices) (%)

2,6

2,7

2,8

3,1

2,4

2

2

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 2000-2017

 

Jordan Insurance Market 2011-2017

Year/Details      

2011

2012

2013*

2014

2015**

2016

2017

Number of Insurance Companies*

28

28

25

25

24

24

24

Total Underwritten Premiums

437,430,746

461,666,655

490,931,905

525,708,175

511,699,789

582,937,127

594,112,517

Growth Rate of Premiums

7,1%

5,5%

6,3%

7,1%

5,0%

5,7%

1,9%

Non-Life Premiums (General Insurances)

369,630,414

417,899,775

443,494,763

472,611,662

490,661,534

512,353,786

514,275,916

Life Premiums

40,800,332

43,766,880

47,437,142

53,096,513

61,038,255

70,583,341

79,836,601

Total Paid Claims

344,934,714

323,042,201

317,028,992

372,917,554

371,770,416

446,964,295

458,683,542

Growth Rate of Paid Claims

22.3%

-6,3%

-1,9%

17,6%

-0,3%

20,2%

2,6%

Non-Life  Paid Claims (General Insurances)

323.566.510

298,777,527

292,521,621

344,374,715

344,558,383

410,241,246

415,315,726

Life  Paid Claims

21.368.204

24,264,674

24,507,371

28,542,839

27,212,033

36,723,049

43,367,816

Paid Up Capital

289,150,680

294,375,680

281,285,750

268,252,408

269,011,890

267.404.161

265,404,161

Shareholders' Equity

313,054,211

305,466,737

316,177,915

330,478,326

326,774,468

341,558,182

333,014,679

Investments

453,794,243

488,638,165

499,750,512

524,584,846

535,738,799

543,109,109

565,656,645

Net Technical Profit (Loss) Inside Jordan

-1,186,838

8,829,118

21,987,593

34,911,556

34,011,510

30,579,469

3,471,377

Net Profit (Loss) (After Tax and Fees)

-9,881,607

1,559,651

18,446,472

32,861,938

22,191,156

27,189,203

3,392,863

 

 

Jordan Insurance Market 2006-2010

Year/Details      

2006

*2007

2008

2009

2010

Number of Insurance Companies*

26

28

28

28

28

Total Underwritten Premiums

258,736,797

291,477,348

333,023,330

365,153,256

408,615,426

Growth Rate of Premiums

17,7%

12,7%

14,3%

9,6%

11,9%

Non-Life Premiums (General Insurances)

233,583,048

262,297,337

297,154,942

330,275,456

370,577,314

Life Premiums

25,153,740

29,180,011

35,868,388

34,877,797

38,038,112

Total Paid Claims

174,438,813

207,483,990

221,590,640

263,403,516

282,104,033

Growth Rate of Paid Claims

15,8%

19,0%

6,8%

18,9%

7,1%

Non-Life  Paid Claims (General Insurances)

163,492,462

193,489,265

204,765,757

243,938,511

261,732,863

Life  Paid Claims

10,946,351

13,994,725

16,824,883

19,465,005

20,371,170

Paid Up Capital

206,605,477

244,577,300

304,407,585

287,295,477

295,650,680

Shareholders' Equity

284,895,683

327,862,087

356,657,523

357,135,796

352,210,767

Investments

410,299,674

457,088,728

470,539,512

484,550,578

473,875,623

Net Technical Profit (Loss) Inside Jordan

11,508,624

10,493,545

17,484,463

7,210,697

13,992,634

Net Profit (Loss) (After Tax and Fees)

13,352,101

8,082,470

14,058,148

1,749,076

11,387,771

 

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.