Governments in several countries, such as Japan, have released statements welcoming the Iran-US memorandum of understanding (MoU ), mentioning in particular, free and safe navigation through the Strait of Hormuz.
Work on the electronic integration of the National Health Insurance Platform, Dhamani, with pharmacies across the Sultanate has begun.
The Financial Services Authority (FSA) has issued a circular to all insurance companies licensed to provide motor insurance, mandating the maintenance of a minimum level of underwriting for electric vehicles (EVs) in proportion to the size of their respective motor insurance portfolios.
Oman Qatar Insurance Company (OQIC) has announced that S&P Global Ratings (S&P) has assigned the company its first long-term Insurer Financial Strength (IFS) rating of 'A-' with a 'Stable' outlook.
Liva Group has appointed Mr Michael Thomssen as Group Chief Financial and Investment Officer.
Liva Group has appointed Sheikh Khalid Abdullah Al Khalili as Chairman of its Board of Directors.
Recent global developments have underscored the growing importance of marine insurance and war risk coverage, placing new pressures on the insurance sector, according to a senior official of the Financial Services Authority (FSA).
Oman Re, the Sultanate's sole reinsurer, has reported a strong financial performance for the first quarter ended 31 March 2026, underpinned by disciplined underwriting, sustained premium growth and prudent investment strategies.
The combined profit after tax of the eight listed companies surged by 414% to OMR34m ($88.5m) from 2025 from OMR6.6m in 2024, according to an update by BADRI Management Consultancy.
1Q2026 signals a strong and confident start to the year for Oman's insurance sector, building on the recovery momentum established in 2025 while introducing a sharper contrast in profitability across market players, according to BADRI Management Consultancy, an international actuarial and risk consulting company.