The insurance sector is increasingly relying on accurate data and predictive analysis to support more efficient decision-making, contributing to the development of insurance products and enhancing the quality of services provided, according to Mr Ahmed bin Ali Al Mamari, EVP of the Financial Services Authority (FSA).
Oman Re, the Sultanate of Oman's sole reinsurer, has announced its financial results for the six months ended 30 June 2026, which reflect improved technical performance, disciplined underwriting and continued progress in executing its strategic priorities.
Takaful Oman Insurance, a provider of Shariah-compliant insurance solutions in the Sultanate of Oman, has signed an agreement with Oman Air.
The total population of the Gulf Cooperation Council (GCC) countries is estimated at 62.8m in 2025, with an average annual growth of 3.5%, according to the GCC Statistical Centre (GCC-Stat). GCC states accounted for around 0.8% of the world's population.
1H2026 reflects a resilient yet more measured performance for Oman's listed insurance sector, as strong topline growth was offset by softer profitability amid a normalisation of earnings, said Badri Management Consultancy, an international actuarial and risk management firm.
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.