Jordan Insurance Q1 2019
The growth prospects in Jordan's insurance industry are generally positive, though the market does face some significantstructural challenges. Unemployment rates are high and average income rates remain relatively low, hindering demand for all butthe most essential, basic lines. That being said, economic growth in the country will boost demand in a number of non-life sectors,with the health insurance segment in particular recording robust growth. The life insurance sector is also growing rapidly, albeit froma very low base, and carriers are set to benefit from the emergence of a middle class with strong savings capacity.
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