After weathering the global financial crisis, Jordan’s banking sector is now in a healthier shape to face the challenges of the new decade. With a string of new development initiatives either under way or on the horizon, the kingdom’s banks are now well-placed for future growth, with a robust customer base and good liquidity to see its major lenders...
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...
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