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Jordan Insurance Report Q3 2016

  • April 2016
  • -
  • Business Monitor International
  • -
  • 49 pages

Includes 3 FREE quarterly updates

BMI View: We have a positive outlook for both Jordan's life and non-life insurance segments. While therelatively smaller life insurance segment is set to outpace non-life insurance, its low penetration and densityrates render it considerably underdeveloped, which on the whole translates to fewer investmentopportunities for insurance providers. Due to the fragmented nature of the market, incumbents and new(foreign) entrants will likely attain market share by acquiring smaller rivals.

The substantially larger andmore developed non-life segment will see similar growth rates; however, players will continue to bechallenged by the ongoing security situation within the region which is impacting upon Jordan's economicgrowth and consequently on demand for non-life solutions.

Key Updates And Forecasts:

- Accounting for just 9.8% of total premiums written in 2016, we expect life insurance to underperform incomparison with non-life insurance. With penetration and density rates of 0.2% and 0.1% respectively,Jordan's life segment is considerably underdeveloped. We do anticipate, however, that life insurance willoutpace its non-life counterpart in terms of growth potential over the coming years - growing by 6.1%annually to USD104mn (10.2% market share) in 2020.

Table Of Contents

Jordan Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Jordan 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Jordan 2013-2020) 12
Table: Life Insurance Claims (Jordan 2008-2014) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (Jordan 2013-2020) 17
Table: Non-Life Insurance Claims (Jordan 2009-2014) 19
Non-Life Sub-Sector Forecast 20
Table: Non-Life Insurance Premiums by Product Line (Jordan 2013-2020) 30
Insurance Risk/Reward Index 31
MENA Insurance Risk/Reward Index 31
Table: MENA Insurance Risk/Reward Index - Q316 32
Market Overview 33
Life Market Overview 33
The Product Offering 33
The Competitive Landscape 33
Table: Life Insurance Market Share, 2007-2013 (USDmn) 35
Non-Life Market Overview 36
The Product Offering 36
The Competitive Landscape 36
Table: Non-Life Insurance Market Share, 2007-2013 (USDmn) 38
Company Profile 40
Arab Orient Insurance Company 40
Methodology 43
Industry Forecast Methodology 43
Risk/Reward Index Methodology 46
Table: Indicators 48
Table: Weighting of Indicators 49

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