Medical premiums represent 27.1% of total insurance in Jordan

AMMAN — Total medical insurance premiums reached JD141.7 million last year, representing 27.1 per cent of total insurance premiums, data from the Ministry of Industry, Trade and Supply showed Wednesday.

According to a ministry statement sent to The Jordan Times, last year's figure was 10 per cent higher than the JD128.6 million registered in 2013. Arab Orient Insurance Company accounted for 37 per cent of the 2014 total medical premiums.

Data showed that 93 per cent of medical insurance coverage was in the form of collective contracts that employers provided to employees, and 97-99 per cent of the coverage provided for treatment in and outside hospitals.

By the end of 2014, a total of 584,000 people (subscribers and beneficiaries) were covered by medical insurance documents in all insurance companies, according to the data.

The total compensations paid for medical insurances in 2014 reached JD111.8 million, compared to JD110.3 million in 2013, marking a loss rate of 78.9 per cent, the statement said, adding that 50 per cent of compensations were paid for medicines and doctors.