Jordan, consolidation of the Jordanian insurance sector

The regulators are introducing new incentives designed to counter market fragmentation.
The insurance companies which accept to merge are entitled to a three-year income tax exemption. They are equally exonerated from property transfer costs and from any administrative dues related to these transactions.

Today, the market accounts for more than 20 insurers two of which, First Insurance and Yarmouk, have recently announced their merger.
It is the first move of its kind in Jordan in 25 years.