Jordan – Compulsory insurance losses at JOD 10 million in H1
Wednesday, 11 09 2016, Category: Insurance and Reinsurance, Country: Jordan
The results of the compulsory insurance branch in the first half of year 2016 showed that compulsory motor insurance faced losses of JOD 10,201,829 emanating from the losses of the compulsory insurance issued by licensing centers JOD 5,415,426 and the losses of compulsory insurance emanating from comprehensive covers JOD 4,786,403. However, the compulsory insurance of foreign vehicles issued by centers at the borders realized a profit of JOD 3,186,645. Therefore, the net loss of compulsory insurance from all sources (license, from comprehensive, and border) reached JOD 7,015,184.