Business insurance · Jordan
Jordan Insurance Company (JIC)
Jordan’s oldest insurer (since 1951)
Market position
Founded 1951 — the oldest insurer in Jordan and among the oldest in the Middle East. ASE-listed, operating in Jordan, the UAE and Kuwait; a long-standing top-tier multi-line insurer and reinsurer.
Jordan-specific note
Heritage plus a JO/UAE/KW footprint and a documented engineering line that includes professional indemnity — a solid established option, though you’ll confirm the specifics through an agent.
Pros
- + Oldest and most established Jordanian insurer
- + CAR + Erection All Risks + Plant & Machinery
- + Also offers professional indemnity
- + Regional reach; ASE-listed
Cons
- − No fetchable static product page (JS-rendered)
- − No online quote
- − No decennial cover evidenced
- − Thin English engineering detail
Typical Jordan pricing
Quote-only via broker/agent.
Why this matters for Jordan trades
The ISTD runs tax (16% GST, income tax) and the mandatory JoFotara e-invoicing clearance platform (live since 1 April 2025, all businesses, UBL 2.1 + QR, only cleared invoices deductible); JCCA working membership plus a contractor classification (Govt Works Regulation 71/1986) is the legal gate to bidding public works; Jordan Engineers Association (JEA) registration is mandatory to practice engineering; companies register at the Companies Control Department (CCD); and every employer must enrol in Social Security (SSC) from the first worker (~21.75% of the insured wage).
Jordanian construction & trades software selection is dominated by one force: the JoFotara national e-invoicing mandate, which is live and enforced — a centralized clearance model run by the Income & Sales Tax Department (ISTD), mandatory for all businesses with no threshold since Phase 2 on 1 April 2025, where only cleared invoices are tax-deductible and non-compliance bars you from public tenders. Add 16% General Sales Tax, mandatory Social Security (SSC) from the first employee, JCCA contractor classification gating public works, and a dinar pegged to the US dollar.
Frequently asked
Is Jordan Insurance Company (JIC) a good fit for Jordan trades?
Founded 1951 — the oldest insurer in Jordan and among the oldest in the Middle East. ASE-listed, operating in Jordan, the UAE and Kuwait; a long-standing top-tier multi-line insurer and reinsurer. Heritage plus a JO/UAE/KW footprint and a documented engineering line that includes professional indemnity — a solid established option, though you’ll confirm the specifics through an agent.
What does Jordan Insurance Company (JIC) cost in Jordan?
Quote-only via broker/agent.. Pricing and availability can change by region — confirm current Jordan pricing on the vendor's site before committing.
Is Jordan Insurance Company (JIC) recommended?
Yes — it is a Tier S (Recommended) pick in our Jordan directory for business insurance, based on market fit and reputation. Still compare it against the alternatives for your specific trade and region.