The Financial Services Authority (FSA) has issued a circular to the CEOs and general managers of insurance and takaful companies pressing home the message that they cannot refuse to insure electric vehicles (EVs) or renew the motor policy as long as the vehicle satisfies the stipulations stated in the Traffic Law.
Oman Re, the sole national reinsurer of Oman, has reported significant growth in the first quarter of 2025, demonstrating a strong start to the fiscal year.
The Financial Services Authority (FSA) has launched the National Health Insurance Platform (Dhamani), a digital channel to regulate the Omani health insurance market and facilitate operations in the market.
Oman's Financial Services Authority (FSA) has issued warnings to two insurers for failing to comply with the rules covering the retention of net health insurance premiums within the Sultanate.
Oman Re, the Sultanate's first and only reinsurer, has announced a robust increase in its reinsurance revenue, reaching OMR49.9m ($129.8m) for the fiscal year ended 31 December 2024 (FY2024).
The GCC healthcare industry is poised for strong growth driven by macro-economic factors, the expansion of mandatory health insurance and a growing and ageing population, according to UAE-based Alpen Capital, an investment banking advisory firm.
Takaful Oman Insurance and Oman Arab Bank have officially signed a strategic partnership, setting the stage for seamless financial and insurance solutions, according to an announcement by the bank on its X account.
Gross written premiums for Dhofar Insurance Company (Dhofar Insurance) reached OMR91m ($236.5m) in 2024 compared with OMR73.95m in the previous year, a 23% jump according to the company's preliminary results lodged with the Muscat Stock Exchange.
Thawani Pay, one of Oman's biggest platforms for smart payment solutions, has partnered with Takaful Oman Insurance to introduce a motor insurance product through the Thawani App.
Oman Reinsurance Company (Oman Re) has launched its retakaful window starting 1 January 2025, the reinsurer told Middle East Insurance Review (MEIR). The step represents a significant milestone in the reinsurers' journey to deliver specialised and shariah-compliant risk solutions.