Market Research Reports, Inc. High Growth Rate Expected in Jordanian Insurance Industry According to New Report

Recording a CAGR of 15.2%, health insurance was the largest category within the Jordanian insurance industry, finds new report.


Lewes, DE -- (SBWIRE) -- 03/20/2014 -- Key Trends and opportunities in the insurance industry in Jordan clearly identifies promising areas for future growth, in terms of growth prospects by insurance segments and categories, giving you the upper hand over your competitors. You will secure a proper understanding of shifting market dynamics which will enable you to amend your business plans accordingly, to allow maximum sales. Furthermore, you will gain an explicit understanding of the current trends and drivers and the challenges facing the Jordanian insurance industry, enabling you to identify the key areas in which you want to compete in the future.

Key Insights include:

The Jordanian insurance industry grew in terms of written premium at a CAGR of 8.4% during the review period, partly supported by the country’s economic strength, and strong performance by the motor insurance category in particular.

Personal accident and health was the fastest-growing segment in the industry, and health insurance was the largest category within the segment, recording a CAGR of 15.2% during the review period. This was due to increasing health expenditure, rising participation of the private sector, and medical advancements in the country.

The life insurance segment is expected to grow over the forecast period, driven by the rising young population and increased life expectancy. In 2012, 49.5% of the population was in the working age group of 20–65 Years, and 46.0% was aged 0–20 years.

Why you should buy this report:

Explore the market dynamics across key segments in the Jordanian insurance industry, which will allow you to make strategic business decisions using in-depth historic and forecast market data.

Learn about the performance of market drivers and distribution channels so that you may grow your market share within the insurance industry in Jordan.

Assess the competitive dynamics in the Jordanian insurance industry, in order to identify the growth opportunities and market dynamics within key segments.

Gain insights into key regulations governing the Jordanian insurance industry and its impact on companies and the industry’s future.

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