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Jordan Insurance Report Q2 2016

Jordan Insurance Report Q2 2016

BMI View: The insurance market in Jordan faces numerous challenges. Regional unrest arising fromconflict in Syria and Iraq has stymied trade, affecting direct demand for various non-life products anddampening wider economic growth prospects, leading to a downgrading of many of our forecasts asunemployment rises and household incomes come under increasing pressure. The life market remainsunderdeveloped, and rates of penetration and density are not expected to improve significantly, despitesteady premium growth over our five-year forecast period. The large non-life sector will also see growth,primarily driven by the health insurance sector as the dominant motor insurance segment struggles to findavenues for new growth.

Key Updates And Forecasts:

Regional unrest as a result of ongoing conflict in Syria and Iraq continues to weigh on demand forJordanian exports, and as a result we have revised downwards our forecasts for transport insurance.

Various domestic manufacturers are reportedly turning their attention to alternative markets in Africa,which currently account for just 2.5% of the Kingdom's global exports in terms of value, which couldstimulate a slight uptick in demand for transport insurance and other related covers.

BMI Industry View
Table: Headline Insurance Forecasts (Jordan 2013-2020)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Jordan 2013-2020)
Table: Life Insurance Claims (Jordan 2007-2014)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Jordan 2013-2020)
Table: Non-Life Insurance Claims (Jordan 2008-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Jordan 2013-2020)
Insurance Risk/Reward Index
MENA Insurance Risk/Reward Index
Table: MENA Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market Share, 2007-2013 (USDmn)
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Insurance Market Share, 2007-2013 (USDmn)
Company Profile
Arab Orient Insurance Company
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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