The Jordanian insurance market has been free from extensive state ownership and pervasive premium, product, investment … number of private companies, the insurance industry is not well developed. This mainly reflects the underdevelopment of life … insurance. In contrast, the level of general insurance is comparable to several other developing countries in the region and …

beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical … contributions in insurance economics since that time. The review begins with the role of utility, risk, and risk aversion in the … insurance literature and summarizes work on the demand for insurance, insurance and resource allocation, moral hazard, and …