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Pandemic leads to 5.3% drop in general insurance premiums

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Premium decline

Data from Jordan’s Insurance Directorate under Ministry of Industry, Trade and Supply showed 5.3% year-on-year decline in general insurance premiums to 501.7 million Jordanian dinar ($707.6 million) in 2020 due to the COVID-19 pandemic, Middle East Insurance Review reported. Total insurance premiums slipped 3.5% to JOD594 million.

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