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May 2023

Addressing the profitability challenge

Source: Middle East Insurance Review | May 2022

The aggregate profits of the 18 listed Jordanian insurers shrank 31.4% y-o-y to JOD17.7m last year due to economic slowdown from the pandemic and intense competition. The dismal situation means that industry stakeholders need to develop viable solutions to the challenges facing insurers and enhance confidence in the sector.

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