1 Š This is a licensed product of Ken Research and should not be copied
TABLE OF CONTENTS 1.
Jordan Insurance Market Introduction and Size by Gross Written Premiums, 2007-2012
2.
Jordan Insurance Market Segmentation by Life and Non-Life, 2007-2012
3.
Jordan Life Insurance Market
4.
3.1.
Jordan Life Insurance Market Introduction and Size, 2007-2012
3.2.
Market Share of Major Players in Jordan Life Insurance Market, 2008-2012
3.3.
Future Projections for Jordan Life Insurance Market, 2013-2017
Jordan Non-Life Insurance Market 4.1.
Jordan Non-Life Insurance Market Size, 2007-2012
4.2. Jordan Non-Life Insurance Market Segmentation by Motor, Accident & Liability, Fire, Marine & Transport, Medical and Others, 2007-2012 4.3. 5.
6.
7.
Future Projections for Jordan Non-Life Insurance Market, 2013-2017
Jordan Motor Insurance Market 5.1.
Jordan Motor Insurance Market Introduction and Size, 2007-2012
5.2.
Market Share of Major Players in Jordan Motor Insurance Market, 2008-2012
5.3.
Future Projections for Jordan Motor Insurance Market, 2013-2017
Jordan Medical Insurance Market 6.1.
Jordan Medical Insurance Market Introduction and Size, 2007-2012
6.2.
Market Share of Major Players in Jordan Medical Insurance Market, 2008-2012
6.3.
Future Projections for Jordan Medical Insurance Market, 2013-2017
Jordan Fire and Other Damage to Property Insurance Market 7.1. Jordan Fire and Other Damage to Property Insurance Market Introduction and Size, 2007-2012 7.2. Market Share of Major Players in Fire and Other Damage to Property Insurance Market, 2008-2012 7.3. Future Projections for Jordan Fire and Other Damage to Property Insurance Market, 2013-2017
8.
Jordan Marine Insurance Market 2 Š This is a licensed product of Ken Research and should not be copied
8.1.
Jordan Marine Insurance Market Introduction and Size, 2007-2012
8.2. 2012
Market Share of Major Players in Jordan Marine & Transport Insurance Market, 2008-
8.3.
Future Projections for Jordan Marine Insurance Market, 2013-2017
9.
Jordan Aviation Insurance Market 9.1.
Jordan Aviation Insurance Market Introduction and Size, 2007-2012
9.2.
Jordan Aviation Insurance Market Future Outlook and Projections, 2013-2017
10.
Jordan Liability Insurance Market
10.1. Jordan Liability Insurance Market Introduction and Size, 2007-2012 10.2. Market Share of Major Players in Jordan Liability Insurance Market, 2008-2012 10.3. Future Projections for Jordan Liability Insurance Market, 2013-2017 11.
Jordan Credit Insurance Market
11.1. Jordan Credit & Suretyship Market Size and Future Projections, 2007-2017 12.
Jordan Other Insurance Market
12.1. Jordan Other Insurance Market Size and Future Projections, 2007-2017 12.2. Market Share of Major Players in Jordan Other Insurances Market, 2008-2012 13.
Government Regulations in Jordan Insurance Market
14.
Jordan Insurance Market Future Outlook and Projections, 2013-2017
15.
Company Profiles of Major Players in Jordan Insurance Market
16.
Macroeconomic Factors
16.1. Population, 2007-2017 16.2. Healthcare Expenditure, 2007-2017 16.3. GDP at Current Prices, 2007-2017 16.4. Number of Licensed Vehicles, 2007-2017 16.5. Gross Capital Formation from Real Estate Activities, 2007-2017 17.
Appendix
17.1. Market Definition
3 Š This is a licensed product of Ken Research and should not be copied
17.2. Abbreviations 17.3. Research Methodology Data Collection Methods Approach Variables (Dependent and Independent) Multi Factor Based Sensitivity Model Final Conclusion 17.4. Disclaimer
4 Š This is a licensed product of Ken Research and should not be copied
LIST OF FIGURES Figure 1: Jordan Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 2: Jordan Insurance Market Segmentation by Life and Non-Life on the basis of Gross Witten Premiums in Percentage, 2007-2012 Figure 3: Jordan Life Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 4: Jordan Life Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 5: Jordan Non Life Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 6: Jordan Non-Life Insurance Market Segmentation on the basis of Gross Written Premiums in Percentage, 2007-2012 Figure 7: Jordan Non-Life Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 8: Jordan Motor Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 9: Jordan Motor Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 10: Jordan Medical Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 11: Jordan Medical Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 12: Jordan Fire and Other Damage to Property Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 13: Jordan Fire and Other Damage to Property Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 14: Jordan Marine Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 15: Jordan Marine Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017
5 Š This is a licensed product of Ken Research and should not be copied
Figure 16: Jordan Aviation Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 17: Jordan Aviation Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 18: Jordan Liability Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 Figure 19: Jordan Liability Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 20: Jordan Credit and Suretyship Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 21: Jordan Other Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2017 Figure 22: Jordan Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 Figure 23: Jordan Population in Million, 2007-2017 Figure 24: Jordan Healthcare Expenditure in USD Million, 2007-2017 Figure 25: Jordan GDP at Current Prices in USD Million, 2007-2017 Figure 26: Jordan Number of Licensed Vehicles in Million, 2007-2017 Figure 27: Gross Capital Formation from Real Estate Activities in USD Million, 2007-2017
6 Š This is a licensed product of Ken Research and should not be copied
LIST OF TABLES Table 1: Market Share of Major Players in Jordan Life Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 2: Gross Written Premiums by Major Players in Jordan Life Insurance Market in USD Million, 2008-2012 Table 3: Market Share of Major Players in Jordan Motor Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 4: Gross Written Premiums by Major Players in Jordan Motor Insurance Market in USD Million, 2008-2012 Table 5: Market Share of Major Players in Jordan Medical Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 6: Gross Written Premiums by Major Players in Jordan Medical Insurance Market in USD Million, 2008-2012 Table 7: Market Share of Major Players in Jordan Fire and Other Damage to Property Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 8: Gross Written Premiums by Major Players in Jordan Fire and Other Damage to Property Insurance Market in USD Million, 2008-2012 Table 9: Market Share of Major Players in Jordan Marine and Transport Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 10: Gross Written Premiums by Major Players in Jordan Marine and Transport Insurance Market in USD Million, 2008-2012 Table 11: Market Share of Major Players in Jordan Liability Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 12: Gross Written Premiums by Major Players in Jordan Liability Insurance Market in USD Million, 2008-2012 Table 13: Market Share of Major Players in Jordan Other Insurances Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Table 14: Gross Written Premiums by Major Players in Jordan Other Insurances Market in USD Million, 2008-2012 Table 15: Competitive Landscape of Major Players in Jordan Insurance Market Table 16: Market Share of Major Players in Jordan Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 7 Š This is a licensed product of Ken Research and should not be copied
Table 17: Gross Premiums Underwritten by Major Players in Jordan Insurance Market in USD Million, 2007-2011 Table 18: Net Profit before Tax of Major Players in Jordan Insurance Market in USD Million, 2007-2011 Table 19: Correlation Matrix for Jordan Motor Insurance Market Table 20: Regression Coefficients Output
8 Š This is a licensed product of Ken Research and should not be copied
JORDAN INSURANCE MARKET
JORDAN INSURANCE MARKET INTRODUCTION AND SIZE BY GROSS WRITTEN PREMIUMS, 2007-2012
…For instance, the overall insurance density in the country was JD ~ in 2009 of which JD 55 was contributed by non-life insurance and JD ~ by life insurance. Besides the low disposable income, the low GDP per capita puts the country in a lower rank in the region for insurance density. The gross insurance premiums underwritten in the country have increased from USD 409.3 million in 2007 to USD ~ million in 2012 at a CAGR of ~% during 2007-2012.
Figure: Jordan Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 800.0 700.0
USD Million
600.0 500.0
409.3
400.0 300.0 200.0 100.0 0.0 2007
2008
2009
2010
2011
2012P
MARKET SHARE OF MAJOR PLAYERS IN JORDAN LIFE INSURANCE MARKET, 2008-2012
The life insurance market of Jordan is dominated by American Life Insurance which holds ~% market share in 2011. This is followed by Jordan Insurance which accounts for ~% of the gross premiums underwritten in this segment. Al Nisr Insurance is third largest player which contributes ~% to the life insurance market of the country… 9 © This is a licensed product of Ken Research and should not be copied
Table: Market Share of Major Players in Jordan Life Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Companies
2008
2009
2010
2011
2012P
American Life Insurance Jordan Insurance Al Nisr Insurance Middle East Insurance Arab Life and Accident Insurance Islamic Insurance Arab German Insurance Euro Arab Insurance Group General Arabia Insurance Jordan International Insurance Jordan French Insurance Others
JORDAN NON-LIFE INSURANCE MARKET SEGMENTATION BY MOTOR, ACCIDENT & LIABILITY, FIRE, MARINE & TRANSPORT, MEDICAL AND OTHERS, 2007-2012
The non-life insurance market of Jordan can be classified into eight segments which include – motor, medical, fire and other damage to property, marine, aviation, liability, credit and suretyship and others. Motor is the largest non-life segment in Jordan with a share of ~% in the gross premiums generated in the year 2012. This is followed by medical which contributed ~% to the non-life premiums underwritten in the country in the same year…
10 © This is a licensed product of Ken Research and should not be copied
Figure: Jordan Non-Life Insurance Market Segmentation on the basis of Gross Written Premiums in Percentage, 2007-2012 Non-Life Insurance Segments Motor
2007
2008
2009
2010
2011
2012P
49.5%
Medical Fire & Other Damage to Property
16.2%
Marine Aviation Liability
1.7%
Credit & Suretyship Others
JORDAN MEDICAL INSURANCE MARKET JORDAN MEDICAL INSURANCE MARKET INTRODUCTION AND SIZE, 2007-2012
Medical is the second largest non-life insurance segment with gross underwritten premiums reaching to USD ~ million in 2012, making up ~% of the non-life insurance sector in the country. The share of the medical segment in the non-life premiums underwritten in the country has consistently increased from ~% in 2007 to ~% in 2012‌
11 Š This is a licensed product of Ken Research and should not be copied
Figure: Jordan Medical Insurance Market Size on the basis of Gross Written Premiums in USD Million, 2007-2012 200.0 180.0 160.0 USD Million
140.0 120.0 91.7
100.0 80.0 60.0 40.0 20.0 0.0 2007
2008
2009
2010
2011
2012P
MARKET SHARE OF MAJOR PLAYERS IN JORDAN MEDICAL INSURANCE MARKET, 2008-2012
Arab Orient Insurance is the single largest player in the medical insurance market of Jordan and has a share of ~% in terms of gross written premiums. This is followed by Arab German Insurance, Al Nisr Insurance, Jordan French Insurance and Jordan International Insurance which are the second, third, fourth and fifth largest players in medical insurance market of the country with a share of ~%, ~%, ~% and ~% respectively‌
12 Š This is a licensed product of Ken Research and should not be copied
Table: Market Share of Major Players in Jordan Medical Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Companies
2008
2009
2010
2011
2012P
Arab Orient Insurance Arab German Insurance Al Nisr Insurance Jordan French Insurance Jordan International Insurance Jordan Insurance Euro Arab Insurance Group Islamic Insurance Middle East Insurance Med Gulf Insurance American Life Insurance Others
JORDAN MARINE INSURANCE MARKET
MARKET SHARE OF MAJOR PLAYERS IN JORDAN MARINE & TRANSPORT INSURANCE MARKET, 2008-2012
Jordan’s marine and transport insurance market is dominated by Middle East Insurance which represents ~% of the gross premiums. Jerusalem Insurance is the second largest player and contributes ~%. Arab Orient Insurance and Jordan Insurance are at the third and fourth position with a share of ~% and ~% respectively…
13 © This is a licensed product of Ken Research and should not be copied
Table: Market Share of Major Players in Jordan Marine and Transport Insurance Market on the Basis of Gross Written Premiums in Percentage, 2008-2012 Companies
2008
2009
2010
2011
2012P
Middle East Insurance Jerusalem Insurance Arab Orient Insurance Jordan Insurance
9.6%
Jordan International Insurance Jordan Emirates Insurance Al Yarmouk Insurance Jordan French Insurance
4.7%
Euro Arab Insurance Group Islamic Insurance
3.6%
General Arabia Insurance
2.9%
Arab Assurers Arab Life and Accident Insurance
4.9%
Arab German Insurance Others
FUTURE PROJECTIONS FOR JORDAN MARINE INSURANCE MARKET, 2013-2017
Jordan’s marine insurance market is estimated to grow strongly in the coming years where the gross premiums for the segment are expected to increase to USD ~ million by 2017 from USD ~ million in 2012. The market for the segment is therefore projected to grow at a CAGR of ~% during 2012-2017. Moreover, the share of marine insurance in the Jordan’s non-life insurance market is expected to remain consistently at 6.0% through 2017…
14 © This is a licensed product of Ken Research and should not be copied
Figure: Jordan Marine Insurance Market Future Projections on the basis of Gross Written Premiums in USD Million, 2013-2017 80.0 70.0
62.3
USD Million
60.0 50.0 40.0 30.0 20.0 10.0 0.0 2013
2014
2015
2016
2017
Table: Gross Premiums Underwritten by Major Players in Jordan Insurance Market in USD Million, 2007-2011 Company
2007
2008
2009
2010
2011
Arab German Insurance Arab Jordanian Insurance Group Al Nisr American Life Arab Orient Jordan Emirates Euro Arab Insurance Group
15.3
Arab Assurers Al-Barakah Takaful
6.4
Arab Life and Accident Insurance
22.7
Al-Manara Insurance Arab Union International Delta Insurance
6.4
General Arabia
15 Š This is a licensed product of Ken Research and should not be copied
Gerassa Insurance Holy Land
7.8
Islamic Insurance Jerusalem Insurance
14.6
Jordan French
23.6
Jordan Insurance
43.0
Jordan International Middle East National Insurance Philadelphia Insurance United Insurance Al Yarmouk Med Gulf First Insurance
Table: Net Profit before Tax of Major Players in Jordan Insurance Market in USD Million, 2007-2011 Company
2007
2008
2009
2010
2011
Arab German Insurance Arab Jordanian Insurance Group Al Nisr American Life Arab Orient Jordan Emirates Euro Arab Insurance Group Arab Assurers Al-Barakah Takaful Arab Life and Accident Insurance Al-Manara Insurance
16 Š This is a licensed product of Ken Research and should not be copied
Arab Union International Delta Insurance General Arabia Gerassa Insurance Holy Land Islamic Insurance Jerusalem Insurance Jordan French Jordan Insurance Jordan International Middle East National Insurance Philadelphia Insurance United Insurance Al Yarmouk Med Gulf First Insurance
17 Š This is a licensed product of Ken Research and should not be copied
DISCLAIMER
The research reports provided by Ken Research are for the personal information of the authorized recipient and is not for public distribution and should not be reproduced or redistributed without prior permission. You are permitted to print or download extracts from this material for your personal use only. None of this material may be used for any commercial or public use. The information provided in the research documents is from publicly available data and other sources, which are reliable. Efforts are made to try and ensure accuracy of data. With respect to documents available, neither the company nor any of its employees makes any warranty, express or implied, including the warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use will not infringe privately owned rights. The report also includes analysis and views expressed by our research team. The research reports are purely for information purposes. The opinions expressed are our current opinions as of the date appearing in the material and may be subject to change from time to time without notice. Investors should not solely rely on the information contained in the research documents and must make investment decisions based on their own investment objectives, risk profile and financial position. The recipients of this material should take their own professional advice before acting on this information. Ken Research will not accept returns of reports once dispatched due to the confidentiality of information provided in our reports. In case, a report qualify for return, we will issue a credit, minus shipping charges, of equal value to the original purchase price, toward a future purchase— no refunds. The decision about whether the product return can be accepted or not is solely at our discretion. Any dispute will be subject to laws of India and exclusive jurisdiction of Indian Courts.
No part of this manual or any material appearing may be reproduced, stored in or transmitted on any other Web site without written permission of Ken Research and any payments of a specified fee. Requests to republish any material may be sent to us.
18 Š This is a licensed product of Ken Research and should not be copied
For More Deatils Please Click On Following Link: http://www.kenresearch.com/banking-financial-service-insurance/insurance/jordaninsurance-market-research-report/426-93.html http://www.kenresearch.com/press/news-jordan-insurance-market/204.html
Contact Person: Ankur Gupta
Designation: Head-Marketing & Communication E-mail:ankur@kenresearch.com Contact:01147017199, +91 9015378249
19 Š This is a licensed product of Ken Research and should not be copied