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Oman tag returned 253 results

  • Oman: Listed insurers' net profits soar by 42% to US$56m in 2023

    The recorded after-tax profits of Oman's eight listed insurance companies saw an increase to OMR21.5m ($56.2m) in 2023 from OMR15.2m in 2022, marking a 42% increase, according to an analysis by Badri Management Consultancy.

    Middle East | 25 Mar 2024
  • Oman: GIG Gulf secures approval to provide online insurance in sultanate

    GIG Gulf, one of the largest insurance providers in the MENA region, has received approval from the Capital Markets Authority (CMA) in Oman to provide digitally integrated insurance services for customers online.

    Middle East | 24 Mar 2024
  • Oman: Bima offers its insurance services via bank's mobile app

    Sohar International, the fastest-growing bank in the Sultanate of Oman, has signed a strategic partnership agreement with Insurance House (Bima), the first insurance portal in the Sultanate of Oman.

    Middle East | 14 Mar 2024
  • Oman: Regulator gives nod to digital platforms of 4 insurance entities

    The Capital Market Authority (CMA) has approved four insurance entities including insurance companies and brokerages to provide their integrated insurance services via online platforms.

    Middle East | 13 Mar 2024
  • Oman: More listed insurers see higher profits in 2023

    The insurance service results for listed insurance companies in Oman jumped by 28% year on year to OMR25m ($65m) in 2023, according to an analysis by Badri Management Consultancy which provides actuarial and other services.

    Middle East | 07 Mar 2024
  • Oman Re clinches retakaful window licence

    Oman Re, the sole reinsurer in the Sultanate of Oman, received a retakaful window licence from the Capital Market Authority on 22 February 2024, the company announced in a statement.

    Middle East | 06 Mar 2024
  • Oman Re's 2023 reinsurance revenue surges by 29%

    Oman Re, the Sultanate's only reinsurer, has announced a huge jump in reinsurance revenue, which reached OMR 42.1m ($109.3m) for the fiscal year ended on 31 December 2023. This marks an impressive 29% increase compared to the previous year's revenue of OMR32.5m.

    Middle East | 29 Feb 2024
  • Oman: Insurance market continues double-digit growth in 2023

    Oman's insurance sector is expected to have achieved a 10% growth in 2023, according to Oman Chamber of Commerce and Industry (OCCI) member of the board of directors Mustafa Ahmed Salman.

    Middle East | 27 Feb 2024
  • GAIF presidency goes to Oman

    The chairman of the Oman Insurance Association, Mr Sayyid Nassir Salim Al Busaidi, has been appointed as the new president of the General Arab Insurance Federation (GAIF).

    Middle East | 26 Feb 2024
  • Oman: Infrastructure, demographics and the economy to drive insurance market

    Oman's insurance market is expected to grow at an annualised rate of 4.5% to reach $1.8bn in 2028, according to the latest "GCC Insurance Industry" report published by UAE-based investment banking advisory firm, Alpen Capital.

    Middle East | 21 Feb 2024