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Life Insurance in Jordan, Key Trends and Opportunities to 2021

Life Insurance in Jordan, Key Trends and Opportunities to 2021

Synopsis

Timetric’s 'Life Insurance in Jordan Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Jordanian life insurance segment, and a comparison of the Jordanian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, 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, 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 'Life Insurance in Jordan Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Jordanian life insurance segment, including:

  • An overview of the Jordanian life insurance segment
  • The Jordanian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Jordanian economy and demographics
  • A comparison of the Jordanian life insurance segment with its regional counterparts
  • The various distribution channels in the Jordanian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Jordan
  • Details of regulatory policy applicable to the Jordanian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Jordan:
  • It provides historical values for the Jordanian 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 life insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Jordanian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Jordan.
  • It profiles the top 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 life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Jordanian life insurance segment.
  • Assess the competitive dynamics in the 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
  • On February 16, Metlife Alico rebranded itself to Metlife in Jordan.
  • Al-Nisr Al-Arabi Insurance has a partnership with Arab Bank for the distribution of education, retirement, term life and education plans.
  • In 2015, Al-Nisr Al-Arbi Insurance sponsored and supported various activities related to sports, entertainment and music as part of its promotional strategy.
  • Takaful and conventional operator First Insurance Company acquired a stake in life and non-life insurer Yarmouk Insurance Company for JOD10.6 million (US$15.0 million) in April 2015, as part of its expansion strategy in the Middle East and North Africa.


  • Key Facts and Highlights
    • Table Jordanian Life Insurance – Key Facts, 2016
    • Table Jordanian Life Insurance – Segment Shares (%) of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Jordanian Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Jordanian Life Insurance – Gross Written Premium (JOD Million and US$ Million), 2012–2016
        • Table Jordanian Life Insurance – Penetration (%), 2012–2016
        • Table Jordanian Life Insurance – Gross Written Premium (JOD Million and US$ Million), 2016–2021
        • Table Jordanian Life Insurance – Penetration (%), 2016–2021
        • Table Jordanian Life Insurance – Premium per Capita (JOD and US$), 2012–2016
        • Table Jordanian Life Insurance – Premium per Capita (JOD and US$), 2016–2021
      • Claims
        • Table Jordanian Life Insurance – Paid Claims (JOD Million and US$ Million), 2012–2016
        • Table Jordanian Life Insurance – Paid Claims (JOD Million and US$ Million), 2016–2021
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Jordanian Life Insurance – Segment Shares of the Leading Insurers (%), 2016
    • Company Profiles
      • Jordan Insurance Company – company overview
        • Table Jordan Insurance Company – Key Facts
        • Table Jordan Insurance Company – Key Financials (JOD Million), 2012–2016
      • Al-Nisr Al-Arabi Insurance Company – company overview
        • Table Al-Nisr Al-Arabi Insurance Company – Key Facts
        • Table Al-Nisr Al-Arabi Insurance Company – Key Financials (JOD Million), 2012–2016
      • Metlife – company overview
        • Table Metlife Insurance Company – Key Facts
        • Table Metlife Insurance Company – Key Financials (JOD Million), 2012–2016
      • Islamic Insurance Company – company overview
        • Table Islamic Insurance Company – Key Facts
        • Table Islamic Insurance Company – Key Financials (JOD Million), 2012–2016
      • Middle East Insurance Company – company overview
        • Table Middle East Insurance Company – Key Facts
        • Table Middle East Insurance Company – Key Financials (JOD Million), 2012–2016
  • Governance, Risk and Compliance
    • Table Jordan – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Jordan – Life Insurance Regulatory Framework
      • Property insurance
        • Table Jordan – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Jordan – Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Jordan – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workers' compensation insurance
      • Liability insurance for ships with respect to oil pollution
      • Aviation liability insurance
        • Table Jordan – Minimum Cover for Aircraft Public Liability Per Accident Per Aircraft
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Insurance Directorate
      • Jordan Insurance Federation
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table Jordan – Minimum Capital Requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Jordan – Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Jordanian Life Insurance – Policies and Premium, 2012–2016
      • Table Jordanian Life Insurance – Policies and Premium, 2016–2021
    • Claims and Expenses
      • Table Jordanian Life Insurance – Claims and Expenses, 2012–2016
      • Table Jordanian Life Insurance – Claims and Expenses, 2016–2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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