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FINANCIAL NEWS
Oman’s insurance firms hit OMR135mn premium income
04 Jun 2017
(MENAFN) Omani insurance firms achieved a 3 percent increase in gross direct premium at OMR134.7mn in the Jan-March period of the year, against OMR131mn in 2016.
Meanwhile, the Omani insurance market continued posting reasonable growth rates compared to the economic situation despite the fiscal measures undertaken to ease the impact of the falling oil prices.
Additionally, the increase in insurance premiums was spurred by positive turnout for individual life insurance products and health insurance and other insurance products, which grew by 15 percent.
Moreover, health insurance posted good rates of increase in the cited period up by 26 percent compared to the same period of 2016.
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MENAFN0406201700450000ID1095532421
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