Arab Orient Insurance
Believing that each day is an important milestone in its history, gig | Arab Orient Insurance Company is determined to make a difference in the quality of everyone’s life on a daily basis. Since its foundation in 1996, gig | Arab Orient Insurance has been achieving one success story after another formulating a clear, set strategy that allows to confidently achieve a broader vision in the upcoming years.
The Company, under the name “Arab Orient Insurance Company”, set a solid place for itself in the marketplace fairly quickly with 29 employees at the time. Focusing its efforts on the development within the insurance sector, it is now positioned as Jordan’s first company in terms of gross written premium with a market share of 18% (in 2014) and a number of 278 employees.
Today, with over 19 years of history, gig | Arab Orient Insurance Company contributes significantly to the growth of the insurance industry in Jordan. It provides different insurance plans, with 8 branches scattered in different areas in Jordan.
By experiencing strong and consistent growth coupled with excellent reinsurance security, gig |Arab Orient Insurance Company is proud to enjoy the status of being (accredited insurer). The company has proven capabilities by becoming the first to be rated B+ (Very Good) with stable outlook from the global credit rating (A.M. Best). The outlook for the rating has been revised; A.M. Best has affirmed the financial strength rating of B++ (Good) and issuer credit rating of bbb+ the outlook for both ratings remains stable, making it the one of two companies in Jordan to be rated B++ (Good) for the fourth consecutive year.
The paid up capital is JD 21.4 million and the company's shareholders consist of local and regional investors AOIC has 266 trained employees to conduct their business according to best practices.
Furthermore, gig | AOIC received numerous awards which acted as true testaments for its outstanding performance; the Silver Award for The Best Website within the banking and insurance sectors for two consecutive years, Best Contractor and Customer Services with the Greater Amman Municipality, Euro Money’s Award for Best Insurance Company in Jordan for the year 2009, the Best Insurance Company in Jordan from ‘Global Banking and Finance Review’ in 2011, in addition to a number of other significant recognitions.
- Mr. Nazer Louzi
- Mr. Khalid Al Hassan
- Mr. Mustafa Melhem
Chief Executive Officer
Jabal Amman 3rd circle –Abd Al Minem Ryadh Street,
P.O. Box 213590 Amman 11121-Jordan