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Oman tag returned 125 results

  • Oman: Reinsurer's net profit soars by 131.5% in 1H 2020

    Oman Re, the sole reinsurer operating in the Sultanate of Oman, has reported a net profit of OMR664,300 ($1.73m) for 1H2020, higher by 131.5% compared to OMR 286,900 during 1H2019, according to interim financial statements released by the company.

    Middle East | 13 Aug 2020
  • Oman: Impact of COVID-19 is manageable for reinsurer

    Fitch Ratings expects that the impact of the coronavirus pandemic on Oman Re is limited and manageable for the reinsurer due to the company's good capital position.

    Middle East | 29 Jul 2020
  • Oman: CMA issues regulations for health insurance TPAs

    The issuance of the licensing requirements for third party administrators (TPAs) represents an important move to enhance regulation of the health insurance sector in Oman, says the executive president of the Capital Market Authority (CMA), Abdullah Bin Salem Al Salmi.

    Middle East | 28 Jul 2020
  • Oman: 1st online insurance aggregator platform started

    Oman's first online insurance aggregator platform, Bima, was launched formally earlier this week, allowing customers the option of comparing and choosing insurance services from a variety of insurers.

    Middle East | 23 Jul 2020
  • Oman: New board of directors of reinsurer elected for 2020-2023

    Oman Re's shareholders have elected, at the annual general meeting, a new board of directors to serve for the period of 2020-2023.

    Middle East | 12 Jul 2020
  • Oman: Financial regulator launches insurance e-service

    The Capital Market Authority (CMA) has announced launching a new insurance e-service related to specifying the value of a vehicle that suffers total loss in a traffic accident.

    Middle East | 16 Jun 2020
  • Oman: OCCI proposes unified insurance policy for private education

    The Oman Chamber of Commerce and Industry (OCCI) has recommended the introduction of a comprehensive insurance policy, 'Standard Unified Insurance Protection Policy for Private Education', to offer privately-run schools, nurseries and related facilities coverage including consequential losses and business disruption stemming from insured Nat CAT and negligent human actions, including risks posed by pandemics such as COVID-19.

    Middle East | 09 Jun 2020
  • Oman: Regulator looks into setting up disaster insurance fund

    The Capital Market Authority (CMA) is considering the establishment of a disaster insurance fund to compensate for losses that are not covered by currently available insurance products.

    Middle East | 03 Jun 2020
  • Oman: CMA announces initiatives to cover medical tests and treatment costs for COVID-19

    The Capital Market Authority (CMA) has announced initiatives to expand the scope of coverage to include medical tests and treatment costs related to the coronavirus for both nationals and expatriates under their existing policy, making exceptions for COVID-19 pandemic from the typical list of exclusions from health insurance coverage as per global practices and norms, according to a circular issued on 1 June.

    Middle East | 02 Jun 2020
  • Oman: Insurers increase their investments at home in 1Q

    Total investments inside Oman by the insurance sector increased in the first quarter of 2020 by 1%. Investments abroad decreased in the first quarter of 2020 compared to the previous year by 4.5%, according to unaudited financial data of the insurance sector.

    Middle East | 02 Jun 2020