Magazine

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

Sep 2017

Country Profile


Oman

Setting the tone for the industry

In a decisive year where national insurers are becoming publicly listed and the minimum capital requirements doubled, the industry is in transformation. Improved levels of transparency, accountability and efficiency are essential parts of the changing game. Will the new settings change the outcomes in this overcrowded marketplace and lead to consolidation? There are serious efforts to create a healthier market.
 

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Profitable but ...

The market is fundamentally profitable with return on equity superior to most of the GCC peers though premiums in P&C fell marginally by 1.7%. Mr Sachin Sahni of S&P assesses the risk factor in the market.
 

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Legislation that leads to more IPOs

With a large number of recent IPOs in Oman caused by amendments to the Oman Insurance Companies Law, Ms Catherine Jaskiewicz of BSA looks at the various provisions of the new legislation and the regulatory framework.
 

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