Arab Jordanian Insurance Group

What Arab Jordanian Insurance Group does

Arab Jordanian Insurance Group (AJIG) is a public shareholding insurance company founded in 1996 in the Hashemite Kingdom of Jordan, operating under license No. 321 issued by the Companies Control Department. The company offers an integrated portfolio of ten insurance products across two segments: individual insurance (health, motor, travel, home, and domestic workers) and corporate insurance (medical and health, marine cargo, property and fire, engineering, and liability and general). All operations are domestic to Jordan, with no geographic expansion beyond the Kingdom.

AJIG distributes its products through a three-branch physical network (Amman headquarters in Wadi Saqra, Irbid branch for motor claims, Marka branch for motor policy issuance), a network of approved production and issuance insurance agents operating across Jordan, and a digital self-serve channel on its website supporting online applications, online claims submission, and eFAWATEERcom electronic payment integration. The technology stack is largely undisclosed; the company's digital footprint is limited to these customer-facing self-serve capabilities rather than advanced platforms or APIs. The medical insurance line is supported by a strategic partnership with the National Health Insurance Management Company (NatHealth), which manages the medical provider network and claims administration.

Revenue is generated through insurance premiums collected on annual, short-term, or per-trip bases depending on the product line; specific premium amounts are not publicly disclosed and are determined through a quote-based process tied to risk assessment, coverage scope, and insured profile. AJIG manages catastrophe and large-risk exposure through a 2026 reinsurance bouquet of 13 treaty partners, including Swiss Re (A+), Hannover Re, Arch Re (AA-), Doha Insurance (A-), Helvetia (A), Barents Re (A), Kuwait Re (A-), Hamilton Lloyd's (A+), Chaucer, AWRIS, Saudi Re, and Arundo Re. Paid-up capital stands at JOD 10.5 million following a 2012 capital expansion backed by Jordan Commercial Bank and Jordanian/Arab business figures. The board is composed of institutional shareholder representatives (Al-Bilad Securities, Jordanian Saudi Emirati Financial Investments, Al-Rafaeyat Real Estate) and individual members with ties to the Al-Rawashdeh family.

Name

Arab Jordanian Insurance Group

Legal name

Arab Jordanian Insurance Group (AJIG) ش.م.ع

Website

https://ajig.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Arab Jordanian Insurance Group (AJIG) is a Jordanian public shareholding insurer founded in 1996 offering personal and commercial insurance across ten product lines via three branches, an approved agent network, and digital self-serve channels in the Hashemite Kingdom of Jordan.

Ownership category

akta.pro rank

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: AJIG generates revenue through collection of insurance premiums from both individual and corporate policyholders across its full suite of insurance products including health, motor, travel, home, domestic workers, medical, marine cargo, property and fire, engineering, and liability insurance lines. Premiums are collected on annual, short-term, and per-trip basis depending on the insurance product.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

AJIG is a composite insurance company underwriting a broad range of general (non-life) insurance products — including motor, marine cargo, fire and property, general accident, engineering, liability and medical/health insurance — for individuals, families, businesses, and government entities. The company also offers a complete suite of life insurance products (individual life, individual savings, and group life/savings/credit schemes), supported by digital self-service application submission, eFAWATEERcom payment integration, and a multi-branch service network across Jordan.

Product overview

Arab Jordanian Insurance Group (AJIG) is a public shareholding insurance company established in 1996 offering an integrated portfolio of insurance solutions for both individuals and businesses. The product portfolio consists of two main categories: Individual Insurance (Health, Motor, Travel, Home, and Domestic Workers insurance) and Business/Corporate Insurance (Medical & Health, Marine Cargo, Property and Fire, Engineering, and Liability and General insurance). These products are delivered through a network of digital services, a wide medical provider network, and approved insurance agents, supported by strong reinsurance partnerships. The company emphasizes efficient claims management, transparent procedures, and compliance with Jordanian regulatory requirements.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

13 partnerships are on record, tiered core and supporting.

• National Health Insurance Management Company (NatHealth)coreStrategic or Co-development PartnerAJIG relies on cooperation with NatHealth, the accredited and leading entity in medical insurance administration in Jordan. This partnership contributes to streamlined medical approval processes, easier access to healthcare providers, professional management of medical claims, and an improved experience for covered members.
• Barents Reinsurance CompanysupportingOthersTreaty reinsurer with credit rating of A (Excellent) from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Kuwait Reinsurance CompanysupportingOthersTreaty reinsurer with credit rating of A- (Excellent) from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Swiss ResupportingOthersGlobal reinsurance partner with credit rating of A+ (Superior) from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Hannover ResupportingOthersGlobal reinsurance partner included in AJIG's reinsurance bouquet for 2026.
• Helvetia GroupsupportingOthersTreaty reinsurer with credit rating of A (excellent) from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Saudi ResupportingOthersRegional reinsurance partner included in AJIG's reinsurance bouquet for 2026.
• Chaucer Insurance CompanysupportingOthersTreaty reinsurance partner included in AJIG's reinsurance bouquet for 2026.
• Arab War Risks Insurance Syndicate (AWRIS)supportingOthersTreaty reinsurer with credit rating of B++ from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Hamilton Lloyd'ssupportingOthersTreaty reinsurer with credit rating of A+ (excellent) from an internationally recognized rating agency. Part of AJIG's reinsurance bouquet for 2026.
• Doha Insurance GroupsupportingOthersTreaty reinsurer with S&P credit rating of A- (Stable). Part of AJIG's reinsurance bouquet for 2026.
• Arundo ResupportingOthersTreaty reinsurance partner included in AJIG's reinsurance bouquet for 2026.
• Arch ResupportingOthersTreaty reinsurer with S&P credit rating of AA- (Very strong). Part of AJIG's reinsurance bouquet for 2026.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Saudi National Insurance (SNIC): Saudi-listed multi-line insurer writing motor, medical, property and engineering lines for individuals and corporates, comparable in product mix and underwriting model to AJIG but operating in the larger Saudi market.
• Islamic Arab Insurance Company (Salama): UAE-based takaful (Islamic insurance) operator providing family, motor, medical and general insurance across MENA, comparable to AJIG as a multi-line regional carrier with similar product breadth but operating under a different (Islamic) underwriting model.
• Bahrain National Insurance (BNI): Bahraini general and medical insurance carrier offering personal and commercial lines similar to AJIG, with a comparable branch-led distribution model but serving the Bahraini and broader Gulf market.

Direct peers

• First Insurance Company (Jordan): Jordanian insurance carrier offering general and medical lines to retail and corporate clients in the same regulatory environment as AJIG, with comparable distribution through branches and agents.
• National Insurance Company (Jordan): One of Jordan's established public-shareholding multi-line insurers offering comparable personal and commercial lines (motor, health, fire, marine, engineering) to the same Jordanian retail and corporate customers as AJIG.
• Arab Orient Insurance Company: Jordanian multi-line insurer competing in motor, medical, fire and engineering segments for the same domestic customers and corporate accounts as AJIG.
• Middle East Insurance Company (MEICO): Jordanian public shareholding insurance company underwriting motor, health, fire, marine and engineering lines, competing head-to-head with AJIG for the same individual and corporate accounts in the Kingdom of Jordan.
• Al-Nisr Al-Arabi Insurance Group: Amman-headquartered insurance group providing motor, medical, property and liability coverage to individuals and businesses in Jordan, directly overlapping AJIG's product set and distribution channels.
• Jordan International Insurance Company (JIIC): Amman-based Jordanian insurer writing general and life lines, overlapping with AJIG's personal and commercial offerings and operating through a similar branch and agent distribution model.

Broad incumbents

• Tawuniya (The Company for Cooperative Insurance): Saudi Arabia's largest cooperative insurer offering a broad medical, motor and general insurance portfolio, providing a benchmark for AJIG's eventual scale across multi-line underwriting, distribution and digital servicing.

Market position

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/share/1ABkTQhgnm/?mibextid=wwXIfr
• Instagraminstagram.com/ajig.jo?igsh=bjJlbTlxdWo1OXVv
• Xx.com/AJIG2018

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Arab Jordanian Insurance Group