Jordan International Insurance Company – newton insurance is the parent company of the newton underwriting Managing General Agent which is a composite insurer founded in 1996 with the objective of providing innovative insurance solutions to discerning clients in Jordan and the region. The company has always maintained a prudent philosophy to managing risk and capital and has integrated enterprise risk management within the company’s DNA.
newton insurance provides Health, Life, Travel, Property and Casualty, Marine, and Specialty insurance services in Jordan and other territories in the Middle East on an inward facultative reinsurance basis. The company has differentiated itself in the market by early adoption of technology, acclaimed customer service, and claim processing speed with the highest levels of Solvency Margin among the insurance companies in Jordan.
In April 2017, newton insurance launched its new trademark “newton™ insurance” in Jordan under trademark license number 142653, providing a tech-forward approach to retail and SME products in the Jordanian market. Further supporting the strong footprint, the company occupies in corporate insurance.
newton insurance’s focus on financial prudence resulted in the company’s AM Best rating financial strength rating B+ investment grade, and issuer credit rating of BBB-, several notches above the sovereign credit rating in Jordan.
newton insurance’s strong financial position and panel or reinsurers has allowed it to ensure the majority of infrastructure and power assets in Jordan with clients that include all three primary segments: power generation, electricity transmission, and distribution, in addition to insuring other vital sectors such as ports and pharmaceuticals.