Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Dec 2014

Country Profile


Oman: Consolidation ahead?

With 22 insurance companies competing for total market premiums of around US$950 million, the latest move to double the minimum capital to $26 million is expected to trigger consolidation among smaller players.


Positives push market forward

Credit positives such as new regulations are providing a solid backdrop to Oman's small but growing market, although natural catastrophes are more of a threat than in other GCC markets, says Mr Mohammed Ali Riyazuddin Londe of Moody's.

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Interview with regulator - Restructuring the insurance market

Mr Ahmed Al Mamari, Director General, Directorate of Insurance Supervision with the Capital Market Authority (CMA), gives his perspective on the challenges facing Oman's insurance market and the measures being taken to shape its future.

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Dhofar so good

Recently appointed General Manager of Dhofar Insurance, Mr Rawny Khadr, looks back on 25 years of growth for Oman's leading insurer and outlines its plans and priorities. By Wong Mei-Hwen

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Creating value from takaful

A year since Al Madina Takaful made its entire book of business Shariah compliant, CEO Gautam Datta looks at the highlights of the journey and what lies ahead. By Wong Mei-Hwen

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Falcon's flight to profitability

Falcon Insurance is aiming to get listed by 2016 as it looks set to post profit for the third consecutive year in a row, says CEO A R Srinivasan. By Cynthia Ang

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Born takaful

Takaful Oman Insurance became the first company in the Sultanate to be "born takaful" when it commenced operations earlier this year, and now wants to be a takaful insurer of choice, says General Manager OG Ravishankar.

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