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Jordan Insurance Report Q4 2017

BMI View:

Underdeveloped by most metrics, Jordan's insurance sector, though offering solid growthpotential, faces a number of challenges. Demand in the market is constrained by the large numbers of lowincome households and the fragmentation of the competitive landscape in both major segments, which arecharacterised by a large number of (very) sub-scale operations. In key lines such as motor insurance, pricecompetition is also a challenge. Nevertheless, the increasing spending on private healthcare and risinginvestment in infrastructure should boost demand for health insurance and property insurance premiumsrespectively. Overall, the market is expected to record positive growth.

Key Updates And Forecasts

The economic outlook in Jordan is relatively subdued. Weak remittances, higher taxes and elevatedunemployment continue to weigh on private consumption, and coupled with poor terms of trade, this willprevent stronger growth. The BMI Country Risk team forecasts real GDP to expand at a rate of 2.8% in2017 and 3.3% in 2018, lagging behind the 5.0% annual average target set out in the government'srecently released Jordan Economic Growth 2018-2022 plan.


BMI Industry View
Table: Headline Insurance Forecasts (Jordan 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Jordan 2014-2021)
Table: Life Claims (Jordan 2010-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Jordan 2014-2021)
Table: Non-Life Claims (Jordan 2010-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Jordan 2014-2021)
Insurance Risk/Reward Index
Middle East And North Africa Insurance Risk/Reward Index
Table: Middle East And North Africa Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Market Share, 2008-2015 (USDmn)
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Insurance Market Share, 2008-2015 (USDmn)
Company Profile
Arab Orient Insurance Company
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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