Tuesday 14, April 2009 by
Increasing supply chases reducing demand in Jordan
The insurance sector in Jordan comprises 28 companies, which together write an estimated Jordanian dinar (JOD) 331.6 million ($467.3 million) of gross premiums, a 13.7 per cent increase on the previous year. Assuming some slowdown in growth during 2009, we expect that gross premiums for the current year will likely struggle to reach JOD 350 million ($495 million), Standard & Poor's Ratings Services noted in a new report, titled Growing Supply Chases Slowing Demand In The Jordanian Insurance Market.
