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Solidarity - First Insurance Company

سوليدرتي - شركة الأولى للتأمين

85Score

★★★☆☆3.9

Customer satisfaction · 200K members

JIF: Fastest Growing Insurer (25th to 4th)(2026)

Solidarity - First Insurance Company is the fastest-growing insurer in Jordan, rising from 25th to 4th place in market share. Operating on Takaful (Islamic) principles with JOD 28M paid-up capital (second highest), it acquired and merged with Yarmouk Insurance in 2015.

Overall Score

85/100

Founded

2007

Headquarters

Amman

Type

private

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Key Metrics

Growth

25th to 4th in market share

Paid Up Capital

JOD 28M (2nd highest)

Type

Takaful (Sharia-compliant)

Acquisition

Merged with Yarmouk Insurance (2015)

Editorial Ratings

JIF: Fastest Growing Insurer (25th to 4th)(2026)

Rating: Fastest growing — 25th to 4th in market share (max: #1)

85JIF

Coverage Highlights

✓Fastest-growing insurer in Jordan (25th to 4th place)
✓Takaful (Islamic) insurance on Sharia principles
✓JOD 28M paid-up capital — second highest in Jordan
✓Acquired and merged with Yarmouk Insurance (2015)

Pros

✓Fastest-growing insurer in Jordan — aggressive market strategy
✓Sharia-compliant (Takaful) for observant Muslims
✓Strong capitalization (JOD 28M — 2nd highest)
✓Growth through strategic acquisitions (Yarmouk merger)

Cons

✗Newer company (2007) — still building brand recognition
✗Rapid growth may strain service capacity
✗Limited individual health plan focus

Frequently Asked Questions

How fast has Solidarity First grown?

Solidarity First rose from 25th place to 4th place in Jordan's insurance market share — one of the most dramatic growth stories in the industry.

Is Solidarity First a Takaful insurer?

Yes. Solidarity - First Insurance Company operates on Takaful (Islamic insurance) principles based on Sharia law.

What is Solidarity First's capital position?

Solidarity First has JOD 28 million in paid-up capital, making it the second-highest capitalized insurer in Jordan.

Did Solidarity First acquire other companies?

Yes. Solidarity First acquired and merged with Yarmouk Insurance in 2015, expanding its market presence and customer base.

Quick Summary

InsurerSolidarity - First Insurance Company

Country🇯🇴 Jordan

Overall Score85/100

Satisfaction3.9/5

Members200K

Typeprivate

Founded2007

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