Business insurance · Jordan
Jordan Insurance Company (JIC)
Amman life and non-life insurer, established in 1951 and listed on the Amman Stock Exchange
Market position
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.
Jordan-specific 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.
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
Typical Jordan pricing
Quote-based; no public prices. Contact JIC or a broker for a quote.
Why this matters for Jordan trades
The ISTD administers income tax, 16% general sales tax and the JoFotara e-invoicing system, so contractors issuing invoices should confirm that their accounting software is linked to JoFotara. Under the Construction Contractors Law, no one may practise contracting without registering with the JCCA, and no ministry, municipality, public shareholding company or other entity may sign a works contract with a contractor who is not registered and classified; the Government Tenders Department manages contractor licensing and classification and publishes the Contractor Classification Instructions of 2020. Engineering studies and designs may be prepared only by offices registered with the JEA, companies register with the Companies Control Department (CCD), and employers pay Social Security Corporation contributions of 14.25% of insured wages, with 7.5% from the employee, according to PwC’s tax summary.
Jordanian construction and trades software selection is shaped by JoFotara, the national e-invoicing system run by the Income and Sales Tax Department (ISTD): its invoicing regulation recognises e-invoices issued through JoFotara or software linked to it, and Jordanian press reported that use of the system became mandatory from the start of April 2025. Add 16% general sales tax, Social Security Corporation contributions on insured wages, registration and classification with the Jordan Construction Contractors Association (JCCA) for works contracts, and Jordan Engineers Association (JEA) registration for engineering work.
Frequently asked
Is Jordan Insurance Company (JIC) a good fit for Jordan trades?
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. 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.
What does Jordan Insurance Company (JIC) cost in Jordan?
Quote-based; no public prices. Contact JIC or a broker for a quote. Pricing and availability can change by region; confirm current Jordan pricing on the vendor's site before committing.