Jordan – Incentives for insurers to merge
Friday, 03 18 2016, Category: Insurance and Reinsurance, Country: Jordan
H.E. Engineer Maha Ali the minister of industry, trade and supply confirmed the importance of the decision of the council of ministers to grant exemptions and benefits to merged companies.
She said in a statement yesterday that this decision was approved by council of investment under the scope of government’s action to promote economic sectors. These procedures will constitute incentives for mergers between insurance companies in order to strengthen financial solvency, improve the level of insurance services in different fields as mergers are a fundamental solution to face the challenges of the insurance sector in Jordan where too many companies compete in a limited market.
Source: Al Rai