Total premiums in the insurance market reached JOD384m ($542m) in the first five months of the year, an increase of around 10% over the corresponding period in 2024, according to statistics released by the Central Bank of Jordan (CBJ).
Non-life insurance business, including medical, accounted for around 83% of the market GWP, while life insurance business contributed the remaining 17%.
Medical insurance premiums reached JOD143m in the first five months of 2025, accounting for 37% of GWP, making it the largest line of business in the market. Motor insurance premiums ranked second with premiums of JOD110.5m.
Insurers paid claims for the period between January and May 2025 of JOD226m, of which 52% (JOD117m) was incurred in the motor insurance branch. The medical insurance branch paid the second largest proportion of claims of 37%, amounting to JOD83m.
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Market performance January-May 2025
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|
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GWP
|
Paid Claims
|
|
JOD m
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Share
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JOD m
|
Share
|
|
Motor
|
110.5
|
28.8%
|
117.0
|
51.8%
|
|
Marine & Transport
|
12.0
|
3.1%
|
1.4
|
0.6%
|
|
Aviation
|
2.0
|
0.5%
|
0
|
0.0%
|
|
Fire and other property
|
36.6
|
9.5%
|
3.8
|
1.7%
|
|
Liability
|
4.8
|
1.3%
|
0.3
|
0.1%
|
|
Credit & Surety, Ship
|
0.2
|
0.1%
|
0.3
|
0.1%
|
|
General Classes
|
7.9
|
2.1%
|
0.7
|
0.3%
|
|
Medical
|
143.7
|
37.4%
|
82.8
|
36.7%
|
|
Life
|
66.3
|
17.3%
|
19.5
|
8.6%
|
|
Total
|
384.0
|
100.0%
|
225.8
|
100.0%
|
|
Source: Jordan Central Bank
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