Business insurance · Jordan
Middle East Insurance Company (MEICO)
Multi-line insurer strong in engineering & marine
Market position
Founded 1962, Amman-HQ, ASE-listed — reported #1 among Jordanian insurers in shareholders’ equity, marine and engineering. Financially strong and corporate-focused.
Jordan-specific note
Structures its cover into Property, General Accident, Engineering ("risks that arise from contracting and engineering business"), Marine and more — strong on engineering by reputation, though you’ll get the CAR specifics by contacting them.
Pros
- + Strong engineering reputation (claimed market leader)
- + Operating since 1962
- + High shareholders’ equity
- + Clean live English site
Cons
- − Engineering sub-products not enumerated on a loadable page
- − No online quote
- − Recently exited its Motor line (Jan 2026)
- − CAR detail needs direct contact
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 Middle East Insurance Company (MEICO) a good fit for Jordan trades?
Founded 1962, Amman-HQ, ASE-listed — reported #1 among Jordanian insurers in shareholders’ equity, marine and engineering. Financially strong and corporate-focused. Structures its cover into Property, General Accident, Engineering ("risks that arise from contracting and engineering business"), Marine and more — strong on engineering by reputation, though you’ll get the CAR specifics by contacting them.
What does Middle East Insurance Company (MEICO) 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.