Jordan – Insurance premiums increase to JOD 551.5 million
Tuesday, 02 16 2016, Category: Insurance and Reinsurance, Country: Jordan
The preliminary official figures of the Ministry of Industry, Trade and Supply / Insurance Administration / showed an increase in total written premiums of (4.9%) during the year 2015 reaching JOD 551.5 million against JOD 525.8 in year 2014.
The statistics indicate that general insurance grew by 3.7% reaching JOD 490.3 million compared JOD 472.7 million in the previous year. However, life insurance premiums reached JOD 61.2 million during the year 2015 compared to JOD 53.1 million in the previous year, which represents a 15.3% growth.
The Ministry of Industry, Trade and Supply said in a press release that this growth was driven by health insurance premiums which grew by 9.1% and life insurance premiums which grew by 15.3% in addition to motor insurance growth which reached 4.7%.
Source: Al Nabaa News