Established in 1965, National Insurance Company (NIC) provides distinguished insurance services to the public and private sectors in this highly specialized business environment.
NIC cares about its customers and provides them with the best services. The company is keen to build long-term relationships with the clients, which is at the top of its priorities.
NIC deals with the world’s largest top rated reinsurers, providing the highest level of security to its clients.
NIC was assigned a financial strength rating of B and a long term Issuer Credit rating of “bb” instead of (B-) and (bb-) last year from AM Best. This reflects the strength of the company’s balance sheet.
NIC adopted positive operating performance over recent years, with a six-year (2015-2020) weighted average return-on-equity ratio of 7.1%.
Technical results improved in 2020. This improvement was a result of actions implemented by management to turnaround technical profitability, including portfolio pruning and enhanced underwriting discipline.
NIC owns NAI Real Estate Company. Its stated capital is 60,000 JOD and it became operational in 2020.
NIC has a very strong commitment to provide specialized, high quality, personalized insurance coverage to customers at reasonable prices and in an efficient and accurate manner.
NIC has been providing quality service to its customers for over 50 years.
The mission of NIC is to create peace of mind and build enduring relationships.