Newton Insurance

What Newton Insurance does

Newton Insurance is the consumer-facing brand of Jordan International Insurance Company (JIIC), a public shareholding company founded in 1996 in Amman and operating exclusively within Jordan (Zahran Street, 6th Circle). It underwrites and distributes a diversified multi-line insurance portfolio across two segments: Personal (three individual health tiers — Signature/Signature Plus/Signature Max, individual life, online travel via the TravelSafe portal, and home) and Business (group health across four class tiers, group life including credit life for borrowers/depositors, marine cargo and hull, and property and casualty). Underwriting and claims are supported by a proprietary network of 4,000+ accredited medical providers and a 24/7 medical-approvals department.

The company operates a hybrid distribution model combining licensed authorized agents, an in-house inside-sales team using a CRM system (implemented in 2019), and a self-serve online portal for travel insurance that integrates HyperPay for payment processing. Revenue is generated almost entirely through recurring insurance premiums collected annually for personal lines and on-policy basis for travel, with no third-party intermediaries between Newton and the policyholder. The 50,000+ insured lives and 1,500+ active policies underwrite through Swiss Re as treaty leader (relationship since 2014) for reinsurance capacity.

Newton is led by Chairman Faris Gammoh and was founded by Sami Gammoh; the Newton Insurance brand identity was adopted in 2017 to reposition JIIC toward consumer-facing clarity, continuity, and community. Awards from MENAIR recognized it as Best Insurer in Jordan in 2015, 2016, 2018, and 2019, and as Best Insurer in Levant and Central Asia in 2020. Headcount of 101–250 employees is concentrated at the Amman headquarters.

Name

Newton Insurance

Legal name

Jordan International Insurance Company

Website

https://newtoninsurance.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Newton Insurance is the consumer brand of Jordan International Insurance Company, a Jordanian public insurer founded in 1996 offering personal and business insurance — health, life, travel, home, marine, and property & casualty — distributed through agents, inside sales, and a self-serve online portal.

Ownership category

akta.pro rank

Product category

Insurance Services

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Property and Casualty Insurance Carriers (524126)

SIC

Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industry

Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

Keywords

• Health insurance
• Travel insurance
• Life insurance
• Marine insurance
• Property casualty insurance

Headquarters

HQ city

Newton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Newton Insurance generates revenue through insurance premium payments collected from policyholders. The company offers multiple insurance products including medical, life, travel, home, general, and marine insurance. Premiums are collected on annual or ongoing basis depending on the policy type. The company manages insurance operations directly without third-party intermediaries.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Newton Insurance sells personal and commercial insurance products under the Jordan International Insurance Company umbrella. Personal lines include individual health (Signature, Signature Plus, Signature Max), individual life, home, and outbound travel insurance (MENA & Europe, Gold, Platinum). Business lines include group health, group life, property & casualty, and marine cargo and hull insurance. The company manages operations directly without third-party intermediaries and distributes products through authorized agents, an inside sales team, and the TravelSafe self-serve online portal, operating exclusively within Jordan.

Product overview

Newton Insurance is an insurance company operating as a brand of Jordan International Insurance Company, offering a diversified portfolio of insurance products organized into Personal and Business lines. The Personal product suite includes three health insurance tiers (Signature, Signature Plus, Signature Max) with varying coverage levels, individual life insurance with accident coverage, an online Travel Safe platform with regional and worldwide travel plans (MENA & Europe, Gold, Platinum), and home insurance covering natural and man-made hazards. The Business suite provides group health insurance (four class tiers), group life insurance, marine insurance for cargo and hull, and property & casualty insurance. All products leverage the company's medical network of over 4,000 providers and 24/7 medical approvals department. The company was established in 1996 and rebranded to Newton Insurance in 2017.

Differentiator

Problem solved

Functional benefit

Products and services

• Signature Individual Health Insurance Entry-level individual health insurance plan covering doctor fees at 100%, 10 treatment forms per member annually, 80% diagnostics coverage, JOD 12,000 annual case limit, and 20 physiotherapy visits per member per year. Annual price for ages 18-40: 405 JOD.
• Signature Plus Individual Health Insurance Mid-tier individual health insurance plan offering 14 treatment forms per member annually, 100% diagnostics coverage, unlimited annual case limit, and 30 physiotherapy visits per member per year. Annual price for ages 18-40: 656 JOD.
• Signature Max Individual Health Insurance Premium individual health insurance plan including dental, optical, and cancer benefits in addition to comprehensive in-patient and out-patient coverage. Annual price for ages 18-40: 725 JOD.
• Group Health Insurance (Class A, B, C, D) Group health insurance for businesses with four class tiers offering varying coverage levels including unlimited annual limits, specialist and GP visits, medication and diagnostic coverage, and physiotherapy sessions for employees.
• Individual Life Insurance Term life insurance product covering individual life, personal accidents, and death or total permanent disability, with optional educational insurance rider.
• Group Life Insurance

Quantifiable outcome

• Medical coverage up to 12,000 JOD per case for Signature plan and unlimited for Signature Plus
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

One partnership is on record.

• Swiss RecoreTechnology or Integration · 1 January 2014Swiss Re was selected as treaty leader in 2014, providing reinsurance support for Newton Insurance's risk management and actuarial operations. This partnership enhances Newton Insurance's financial stability and risk absorption capacity.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Middle East Insurance Company: One of the longest-standing Jordanian multi-line insurance carriers, offering motor, property, marine, health and life coverage to individuals and corporates in Jordan — directly comparable to Newton's product mix and customer base.
• National Insurance Company (Jordan): Jordanian multi-line carrier offering personal and commercial P&C, life, health and marine insurance — overlapping with Newton's full product suite and direct-to-customer positioning in the same domestic market.
• Bupa Arabia for Cooperative Insurance: Largest specialized health insurance carrier in Saudi Arabia with a large accredited provider network and 24/7 service operations — directly comparable to Newton's health-insurance-led model and medical-network-driven value proposition.
• Jordan Insurance Company: Historic Jordanian general insurer providing motor, property, marine, engineering, health and life products through a similar agent-led distribution model — a like-for-like Jordan-market peer for Newton.
• Al-Nisr Al-Arabi Insurance Group: Jordan-headquartered multi-line insurer with personal and commercial lines including health, motor, property, marine and engineering — a closely comparable domestic peer in terms of product breadth and target segments.

Regional players

• The Company for Cooperative Insurance (Tawuniya): Largest Saudi cooperative insurer offering health, motor and general insurance — comparable multi-line model and large accredited provider network, but operating at much greater scale and in a different geography.
• Walaa Cooperative Insurance: Saudi-listed multi-line cooperative insurer writing motor, health, property and engineering — comparable product set to Newton but serving a different (Saudi) geography, useful for regional benchmarking.

Broad incumbents

• Allianz Saudi Fransi Cooperative Insurance: Global insurer's Saudi joint venture providing motor, health, property and engineering coverage — analogous broad-line offering to Newton with significantly larger capital and digital capabilities, representative of competitive pressure in MENA commercial lines.
• AXA Cooperative Insurance (Saudi Arabia): Global incumbent operating in the region with diversified health, motor and P&C products; comparable to Newton's multi-line approach but with deeper capital, global reinsurance access, and stronger digital infrastructure.
• Gulf Insurance Group (GIG): One of the largest MENA insurance groups, with operations across multiple GCC and Levant markets and a broad P&C and life portfolio — a larger incumbent that competes with Newton in commercial lines and could acquire or partner with it for Jordan access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/newton-insurance-925705907515462
• LinkedInlinkedin.com/company/10570947
• Instagraminstagram.com/newtoninsure

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newton Insurance