Arab Orient Insurance Company (AOIC) made news this week by finalizing their partnership agreement with French insurer SCOR, who will now re-insure their health insurance portfolio, one of the largest in Jordan.
In a press statement, AOIC Chief Executive Isam Abdelkhaliq, heralded their new joint venture as an important step for both the Jordan health insurance market and his company. “This agreement adds a new dimension in the medical insurance market in the region and is a record for the great achievements by Arab Orient Insurance Company.” The deal was reached at the signing ceremony at SCOR’s Cologne headquarters in December 2011, with each company’s president and top executive in attendance, but took until mid-January to receive the necessary approval from Jordanian regulators to proceed.
Health insurance represents the second largest segment in Jordan’s insurance market. In 2010 h
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Individuals with less than perfect health will be relieved to know that there are indeed high risk health insurance companies. In fact, there are a variety of health insurance companies that offer different forms of high risk health insurance. Even people who are in poor health or suffer from a chronic illness can get at least a limited amount of coverage, although it usually comes at a high price.
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