By : JD News Desk
Jordan Daily – United Insurance Company PLC has increased its capital to JD16 million, aligning with regulatory requirements and its long-term strategy to strengthen its position in Jordan’s insurance market, CEO Raed Khalil Haddadin said.
In an interview with Al-Bayan Al-Iqtisadiya, Haddadin said the capital increase complies with Central Bank of Jordan regulations and supports the company’s ambition to remain a market leader. A key focus of this expansion is to grow the company’s life insurance portfolio, which currently represents a limited share of its overall business.
“We are looking to introduce new, long-term life insurance products with an investment component,” Haddadin said. “These offerings will be a core pillar of our strategy for 2025 and 2026.”
United Insurance is among the first companies in Jordan to meet the updated capital adequacy requirements set by regulators, and plans to further diversify its product offerings to capture emerging market demand.
