Insurance premiums paid by customers to insurance companies decreased by 17.8% to JOD256m ($361m) in the first quarter of this year, compared to JOD311m during the corresponding quarter in 2024. according to data from the Central Bank of Jordan (CBJ).
The value of compensation and benefits paid fell by 14.3% to JOD132m in 1Q2025, compared to the first three months of 2024, reported the news channel, Al Mamlaka TV, citing the CBJ data.
Medical insurance was the biggest branch of insurance in the Jordanian insurance sector, with premiums received of JOD110m in 1Q2025. This figure accounted for 43% of the total premiums received by the sector. Motor was the second largest branch with premiums of JOD61m, around 24% of the total premiums paid by customers.
However, motor insurance was the branch with the biggest compensation payout in the first quarter of this year. Claims paid amounted to JOD103m, representing approximately 78% of the total.