Business insurance · Jordan · Head-to-head
Jordan Insurance Company (JIC) vs Middle East Insurance Company (MEICO)
Two Jordan business insurance options, compared side by side for Jordan trades.
Which should you choose?
Jordan Insurance Company (JIC) and Middle East Insurance Company (MEICO) 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.
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.
Middle East Insurance Company (MEICO)
Tier A · ListedJordanian multi-line insurer since 1962 with a full engineering line; stopped writing motor in 2026
Middle East Insurance Company (MEICO) says it has operated in Jordan since 1962 and is a public shareholding company listed on the Amman Stock Exchange (MEIN). It sells property, engineering, liability, marine, aviation, financial lines, group medical and life cover. MEICO discontinued its motor insurance license effective 1 January 2026 with Central Bank of Jordan approval, and says existing motor policies are serviced until they expire.
Pros
- + Engineering page lists Contractors' All Risks and Erection All Risks
- + Contractor's Plant and Machinery and Machinery Breakdown cover
- + Online quote form for engineering policies
- + Operating since 1962; listed on the Amman Stock Exchange (MEIN)
Cons
- − No longer sells motor insurance, so site vehicles need another insurer
- − No prices published; cover is quoted
- − No decennial liability policy listed on the engineering page
Jordan note
MEICO's English engineering page lists Contractors' All Risks, Erection All Risks, Contractor's Plant and Machinery, Machinery Breakdown with loss of profit, Electronic Equipment and Deterioration of Stock cover. It gave up its motor license from 1 January 2026, so insure company vehicles elsewhere.
More Jordan options
See all Jordan business insurance vendors and the rest of the Jordan directory.