Business insurance · Jordan · Head-to-head
JOFICO (Jordan French Insurance) vs Jordan Insurance Company (JIC)
Two Jordan business insurance options, compared side by side for Jordan trades.
Which should you choose?
JOFICO (Jordan French Insurance) 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.
JOFICO (Jordan French Insurance)
Tier A · ListedJordanian multi-line insurer founded in 1976, with a nine-policy engineering line
Jordan French Insurance Company (JOFICO) says it was founded in 1976 in cooperation with Compagnie Financière du Groupe Victoire. It is listed on the Amman Stock Exchange (JOFR) and sells motor, health, travel, home, fire, liability, marine, engineering, aviation and credit insurance. JOFICO told the Amman Stock Exchange on 28 September 2026 that its board had terminated the preliminary memorandum of understanding it signed with Gulf Insurance Group / Jordan on 14 May 2026, citing differing strategic views; JOFICO said no stage of the MoU or due diligence had begun.
Pros
- + Engineering page lists Contractors All Risks and Construction Plant and Machinery
- + Also lists Erection All Risks and Decennial Liability policies
- + Operating since 1976
- + Listed on the Amman Stock Exchange (JOFR)
Cons
- − Website in Arabic only
- − No prices published; cover is quoted
- − No online quote form found on the engineering page
Jordan note
JOFICO's Arabic engineering page lists Contractors All Risks, Construction Plant and Machinery, Machinery Breakdown, Erection All Risks, Electronic Equipment and Decennial Liability policies, among others.
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.