Total insurance premiums in Jordan in the past nine months of this year amounted to JOD603m ($851m), an increase of about 4.9% compared to the corresponding period in 2023, according to statistics released by the Central Bank of Jordan.
Vehicle insurance accounted for the largest share (33%) of insurance premiums in the first three quarters of this year, with a value of JOD201m. Medical insurance came in second place in terms of premiums that reached JOD191m.
The volume of compensation increased by about 6.8% year on year in the first nine months of 2024 to JOD393m.