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

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. The financial crisis that toppled the monetary system and banking sector in late 2008 in the United States with a significant impact on the various sectors of the U.S. economy. Effects were extended to various countries of the world and to varying degrees, making governments intervene to rescue their economies through monetary and fiscal policies, laws and procedures that will reduce the financial crisis effects on the citizen and the economy i