Oman’s insurance sector to grow by 11pct

11 Oct 2016

(MENAFN) Omani insurance firms are predicted to reach 10-11 percent growth in gross premium revenue this year.

Meanwhile, gross direct premium of insurance companies in the Sultanate increased by 11 percent to OMR442mn last year.

Accordingly, healthcare insurance and motor insurance segments are increasing, whereas the recent drop in new car registration may not result in a notable impact.

The Sultanate has 22 insurance firms; 11 locally incorporated firms and 11 branch operations of foreign firms.

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