Business insurance · Jordan · Head-to-head
gig Jordan (Arab Orient) vs Jordan Insurance Company (JIC)
Two Jordan business insurance options, compared side by side for Jordan trades.
Which should you choose?
gig Jordan (Arab Orient) and Jordan Insurance Company (JIC) are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Jordan-specific notes below against your trade and region.
gig Jordan (Arab Orient)
Tier A · ListedJordanian arm of Kuwait-based Gulf Insurance Group, majority-owned by Fairfax, with an English engineering line
GIG Jordan says it was founded in 1996 as Arab Orient Insurance Company and joined Kuwait-based Gulf Insurance Group (GIG) in 2009. Canada's Fairfax Financial Holdings became GIG's largest shareholder in 2023 and later raised its stake to 97%, according to GIG Jordan. It is listed on the Amman Stock Exchange (GIGJ).
Pros
- + English engineering page lists Contractors' All Risks and Plant and Machinery
- + Online quote-request form for each engineering policy
- + Also sells professional indemnity and employers liability
- + Part of Kuwait-based Gulf Insurance Group
Cons
- − No prices published; cover is quoted
- − No erection all risks or decennial policy listed on the engineering page
- − Quote request is a form, not an instant online price
Jordan note
GIG Jordan's engineering page lists Contractors' All Risks, Contractors' Plant and Machinery, Machinery Breakdown, Electronic Equipment, Deterioration of Stock and Boiler cover, and its general lines include professional indemnity and employers liability. Each engineering policy has an online quote-request form.
Jordan Insurance Company (JIC)
Tier A · ListedAmman life and non-life insurer, established in 1951 and listed on the Amman Stock Exchange
Jordan Insurance Company (JIC) is an Amman-based life and non-life insurer, established in March 1951 according to its Amman Stock Exchange profile, and listed on the ASE (JOIN). AM Best says it consistently ranks in the top three in Jordan by gross written premium, with revenue concentrated in motor and medical business.
Pros
- + Operating since 1951
- + AM Best says it ranks in the top three in Jordan by premium
- + Life and non-life lines under one insurer
- + Listed on the Amman Stock Exchange (JOIN)
Cons
- − AM Best notes non-life technical losses, particularly in motor
- − Website product pages could not be read; confirm engineering cover directly
- − No prices published; cover is quoted
Jordan note
AM Best describes JIC as holding an established position in Jordan's insurance market, but JIC's website did not show its engineering products when checked, so ask JIC or your broker directly whether it writes Contractors All Risks and plant cover for your project.
More Jordan options
See all Jordan business insurance vendors and the rest of the Jordan directory.