Non-Life Insurance in Jordan, Key Trends and Opportunities to 2021

Non-Life Insurance in Jordan, Key Trends and Opportunities to 2021

  • January 2018 •
  • 104 pages •
  • Report ID: 3688716 •
  • Format: PDF
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.
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.