FINANCIAL NEWS

Insurance companies to achieve OMR135m in Oman

25 Sep 2017

(MENAFN) Oman’s insurance companies have achieved a 3 per cent increase in gross direct premium at OMR134.7 million in the first three months of 2017, against OMR131 million for the same period of last year.

According to a press release from Capital Market Authority (CMA), the Omani insurance market continued recording reasonable growth rates compared to the economic situation despite the financial measures undertaken to mitigate the impact of the falling oil prices which had impact on the projects executed by the government and activities of the private sector.

Compared to the first quarter of 2016, health insurance scored good rates of growth in the same period of this year.

MENAFN2509201700450000ID1095893745

MENAFN2509201700450000ID1095893745

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