Preliminary data issued by the Financial Services Authority (FSA) show that insurance companies recorded around 21,700 road accidents during the second quarter of 2026, compared with around 18,900 accidents during the corresponding quarter in 2025, an increase of 14.8%. The accidents comprised 15,850 minor accidents, representing around 73% of the total, and 5,893 serious accidents, accounting for approximately 27%.
The first half of 2026 presents a clear divergence between growth and earnings quality for Oman's listed insurance sector, according to BADRI Management Consultancy, an international actuarial and risk consultancy.
The Financial Services Authority (FSA) has introduced the "Regulation Governing Insurance Loss Assessment and Estimation Activities" to elevate service quality, strengthen policyholder protections, and enforce transparency, fairness, and impartiality across the insurance sector.
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.