Premiums paid to Omani insurance firms hit OMR442mn

13 Nov 2016

(MENAFN) Total direct premiums paid to insurance firms in 2015 reached OMR442mn, up by 11.5 percent compared to 2014, with OMR396.52mn.

Additionally, vehicle insurance policies accounted for 85.6 percent of the whole insurance policies recorded at the insurance firms.

Meanwhile, the total value of direct insurance premiums on cars amounted to OMR162.29mn, while the total direct premiums for life insurance reached OMR52.95mn.

The total value of the compensation paid for vehicle insurance reached OMR113.86mn for life insurance OMR27.53mn and for property insurance OMR53.53mn.

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