Oman: Retentions improve in 2014
Source: Middle East Insurance Review | Oct 2015
Retention ratios have improved with reinsurance premiums declining to an average of 42.5% of total premiums last year from 45.8% in 2013, according to the Capital Market Authority (CMA).
Reinsurance premiums in Oman totalled OMR170 million (US$441.5 million), out of total premiums of OMR400 million last year, compared to OMR165 million out of a total amount of OMR360 million in 2013, the Times of Oman reported, citing Mr Nasr Ahmed Abdullah Al Salhi, Director of Valuation and Risk Surveillance at CMA.
OMR1 = US$2.60