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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Jordan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Jordan's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Jordan non-life (P&C) market as well as trends by line of business. Axco analysts also report on Jordan's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Jordan's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Jordan, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Jordan, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Jordan with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
South Korea is the 11th largest economy in the world and a leading manufacturer of electronics, steel and ships. In 2018 the local non-life industry generated premiums of KRW 89.97trn (USD 81.75bn). This made the country the third-largest non-life market in the world and the second-largest in Asia after China. This high ranking is rather misleading, however, in the sense that over 70% of premiums are represented by long-term personal lines policies, corporate pensions and private annuities, which in most other markets would be written by life insurers. The country is massively under-insured for risk, spending only KRW 1.74trn (USD 1.58bn) on property insurance in 2018, equivalent to 2% of the non-life ....
This is a brief extract of information; more updated information may be available in the latest published report.
