Jordan Insurance Company
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Jordan Insurance Company
Jordan Insurance Company is an insurance company in Jordan. JIC offers the following insurance: *Marine insurance *Motor insurance *Life insurance *Casualty insurance *Health insurance *Property insurance Supplementary products include the "Sehtak Kanz" discount card, and a roadside assistance program. The company is listed on the Amman Stock Exchange's ASE Weighted Index with the symbol "JIC". 10% of the company's stock is owned by Munich Re, a reinsurance company in Germany. External linksJordan Insurance Company
Companies based in Amman Financial services companies established in 1951 Jordanian brands Insurance companies of Jordan 1951 establishments in Jordan Companies listed on the Amman Stock Exchange {{Jordan-stub ...
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Amman
Amman (; ar, عَمَّان, ' ; Ammonite: 𐤓𐤁𐤕 𐤏𐤌𐤍 ''Rabat ʻAmān'') is the capital and largest city of Jordan, and the country's economic, political, and cultural center. With a population of 4,061,150 as of 2021, Amman is Jordan's primate city and is the largest city in the Levant region, the fifth-largest city in the Arab world, and the ninth largest metropolitan area in the Middle East. The earliest evidence of settlement in Amman dates to the 8th millennium BC, in a Neolithic site known as 'Ain Ghazal, where the world's oldest statues of the human form have been unearthed. During the Iron Age, the city was known as Rabat Aman and served as the capital of the Ammonite Kingdom. In the 3rd century BC, Ptolemy II Philadelphus, Pharaoh of Ptolemaic Egypt, rebuilt the city and renamed it "Philadelphia", making it a regional center of Hellenistic culture. Under Roman rule, Philadelphia was one of the ten Greco-Roman cities of the Decapolis before being d ...
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Amman Stock Exchange
Amman Stock Exchange (ASE) is a stock exchange private institution in Jordan, based in Amman. History The ASE was established in March 1999 as a non-profit, private institution with administrative and financial autonomy. It is authorized to function as an exchange for the trading of securities. The exchange is governed by a seven-member board of directors. A chief executive officer oversees day-to-day responsibilities and reports to the board. The members of ASE are Jordan's 68 brokerage firms. Amman Stock Exchange became state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20, 2017. The ASE is committed to the principles of fairness, transparency, efficiency, and liquidity. The exchange seeks to provide a strong and secure environment for its listed securities while protecting and guaranteeing the rights of its investors. To provide this transparent and efficient market, the ASE has implemented internationally recognized directives ...
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Insurance Companies Of Jordan
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Jordanian Brands
Jordanian may refer to: * Something of, from, or related to Jordan, a country in the Near East * Jordanian culture * Jordanian people, see Demographics of Jordan * Jordanian cuisine * Jordanian Arabic Jordanian Arabic is a dialect continuum of mutually intelligible varieties of Arabic spoken by the population of the Hashemite Kingdom of Jordan. Jordanian Arabic can be divided into sedentary and Bedouin varieties. Sedentary varieties belong ... * Royal Jordanian, an airline See also * List of Jordanians * {{disambiguation Language and nationality disambiguation pages ...
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Financial Services Companies Established In 1951
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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Companies Based In Amman
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies ...
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Munich Re
Munich Re Group or Munich Reinsurance Company (german: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a German multinational insurance company based in Munich, Germany. It is one of the world's leading reinsurers. ERGO, a Munich Re subsidiary, is the Group's primary insurance arm. Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices. History In 1880 Carl von Thieme, a native of Erfurt who was the representative in Bavaria of his father's ''Thuringia'' insurance company, founded in Munich ''Münchener Rückversicherungs-Gesellschaft'' together with Wilhelm von Finck (co-owner of the Merck Finck & Co. bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890 in Berlin. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain clas ...
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ASE Weighted Index
The ASE Market Capitalization Weighted Index is a stock index of the Amman Stock Exchange in Jordan. The ASE Weighted Index is one of two principal stock indices on the exchange, the other being the ASE Unweighted Price Index. The ASE Unweighted Index was created in 1980 and was very successful. The ASE went on to create a weighted index in 1992. The weighted index, whose constituents are listed below, attaches a value to each stock price based on the total market capitalisation of each stock; that is, the total amount of money the stock is worth on the stock market. The Unweighted Index calculates an index value based on the price alone. Index listings Both the weighted and unweighted indices use the same list of stocks. The constituents of the ASE indices are evaluated each year. The 70 stocks listed here are the 2007 version of the index. They are categorized by sector: banking sector, insurance sector, service sector and industrial sector In macroeconomics, t ...
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Roadside Assistance
Roadside assistance, also known as breakdown coverage, is a service that assists motorists, motorcyclists, or bicyclists whose vehicles have suffered a mechanical failure that either cannot be resolved by the motorist, or has prevented them from reasonably or effectively transporting the vehicle to an automobile repair shop. Roadside assistance employees respond to calls for service to inspect the vehicle and attempt to render appropriate repairs. Roadside assistance may be provided by departments of transportation, automobile associations, vehicle insurance providers, or dedicated roadside assistance organizations. History Early motorists were often capable of carrying out minor repairs themselves, but as automobiles became more complicated, it became more difficult to carry out successfully. Some early local motoring clubs tried to support their members by encouraging them to help each other. A rotation of members who would help other members was kept, and in some cases, ca ...
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