Insurance firms in Oman reach OMR135mn premium income
23 Sep 2017
(MENAFN) Oman’s insurance firms have reached a 3 percent growth in gross direct premium at OMR134.7mn in the Jan-March period of 2017.
Meanwhile, the Omani insurance market continued posting reasonable increase rates compared to the economic situation despite the fiscal measures to mitigate the impact of falling oil prices.
Additionally, health insurance posted good rates of growth in the cited period, more than 26 percent compared to the same period of 2016.
Furthermore, engineering insurance products viewed a 3 percent increase in the cited period of the year, over the previous year.