JORDAN’S CHALLENGING ENVIRONMENT CONSTRAINS PROFITABLE GROWTH. – A.M BEST

Insurance companies operating in Jordan face challenging market conditions , with competition eroding technical margins, coupled with exposure to political economic and financial system risks accounting to A.M Best. Furthermore, Competitive pressures are intensified by the high number of players and concentration on the motor and medical Insurance segments.

AM. BEST

 

 

 

 

Tariffs imposed by the government on motor business have further strained underwriting profitability over recent years. A.M Best in their market environment for insurers is likely to become increasingly more stringent in the coming years as the central Bank of Jordan is expected to become the supervisory and regulatory body for the Insurance industry.

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