The Effect of the Late Global Financial Crisis on the Jordanian Insurance Companies Profits (Case of Jordan)

Abstract

This study aims to shed light on the effects left by the global financial crisis in the Jordanian insurance sector and the efficiency change of Jordan’s insurance companies after the global financial crisis. researchers have used the correlation coefficient test, t-tests ,and Simple regression in the statistical analysis. The study results found no significant  impact of the global financial crisis on the net income on the Jordanian insurance companies while there was a significant impact of the global financial crisis on company assets and equities as compared to their value prior to the financial crisis.  The study recommended the need to develop and initiate laws and regulations that will reduce the sudden effects which occur in the private insurance sector and the local and global economy.