While things are looking more positive for Jordan’s insurance sector in 2013, it nonetheless faces some major challenges, particularly in the dominant motor segment. Regulatory issues have been on compa-nies’ minds in recent times too, with the industry’s overall profitability and sustainability likely to be affected by the outcome of these...
While motor is a challenging line of business in many markets, Jordan has recently seen this low-margin, high-volume sector make headlines, with many insurers sug-gesting that without changes to this segment, the industry as a whole could suffer greatly. The contro-versy surrounds compulsory, third-party liability insur-ance (TPL), yet it also...
After the rough and tumble of the last few years, Jor-dan’s capital markets are now at a potential turning point. There are some significant signs that the mar-ket is returning to more realistic levels. Meanwhile, sector players are pressing for regulators and gov-ernment actors to open the way for a more diverse product range, via a wider bond and...
THE COMPANY: Afaq for Energy (MANE) was estab-lished in August 2008 and listed on the Amman Stock Exchange (ASE) in December of the same year. It cur-rently has a paid-up capital of JD110m ($154.7m). The emergence of MANE coincided with a strong pri-vatisation programme and the opening-up of Jordan’s...
THE COMPANY: Over the past few years, AOIC man-aged to assert itself as a leader in the Jordanian insur-ance sector with a comprehensive product mix, strong connections with leading regional insurers and global re-insurers, and exceptional financial results. The strong performance of AOIC is most evident...
With small and medium-sized enterprises (SMEs) accounting for 98% of all businesses in the king-dom, according to the Jordan Enterprise Development Corporation (JEDCO), this sector should be of major interest to the country’s banks. Yet historically, SMEs have accounted for a relatively small amount of banking business, as lenders have concentrated...
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