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The Insurance Industry in Oman, Key Trends and Opportunities to 2022

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    Report

  • 143 Pages
  • September 2018
  • Region: Oman
  • GlobalData
  • ID: 4655678
Description Jump to:
The Insurance Industry in Oman, Key Trends and Opportunities to 2022

Summary

The 'The Insurance Industry in Oman, Key Trends and Opportunities to 2022' report provides detailed analysis of the market trends, drivers and challenges in the Omani insurance industry.

It provides key performance indicators such as written premium and claims during the review period (2013-2017) and forecast period (2017-2022).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Omani economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together the author’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Inside this report, we look at the top themes, its predictions and identify winners and losers.

The report provides in-depth market analysis, information and insights into the Omani insurance industry, including:
  • The Omani insurance industry's growth prospects by segment and category

  • A comprehensive overview of the Omani economy and demographics

  • Details of the competitive landscape in the Omani insurance industry

  • The various distribution channels in the Omani insurance industry

  • Details of regulatory policy applicable to the Omani insurance industry

  • Analysis of natural hazards in the Omani insurance industry


Key Highlights:
  • In May 2018, the CMA organized a workshop for the implementation of IFRS 17 on issuing insurance contracts.

  • As of 2017, there were two domestic reinsurers operating in the country: Oman Re and Trust Re.

  • On November 8, 2016, the Oman Chamber of Commerce and Industry issued a notice to all private companies to provide compulsory health insurance to their employees.

  • In 2016, the CMA and the College of Banking and Financial Studies (CBFS) signed a contract to train Omani employees in the insurance industry.


Scope
  • This report provides a comprehensive analysis of the insurance industry in Oman.

  • It provides historical values for the Omani insurance industry for the report’s 2013-2017 review period, and projected figures for the 2017-2022 forecast period.

  • It offers a detailed analysis of the key segments in the Omani insurance industry, with market forecasts to 2022.

  • It covers an exhaustive list of parameters, including written premium and claims.

  • It analyzes the various distribution channels in Oman.

  • It profiles the top insurance companies in Oman, and outlines the key regulations affecting them.


Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Omani insurance industry and each segment and category within it.

  • Understand the demand-side dynamics, key market trends and growth opportunities in the Omani insurance industry.

  • Assess the competitive dynamics in the Omani insurance industry.

  • Identify the growth opportunities and market dynamics in key segments.

  • Gain insights into key regulations governing the Omani insurance industry and their impact on companies and the industry's future.

Table of Contents

1.KEY FACTS AND HIGHLIGHTS2 EXECUTIVE SUMMARY3.ECONOMY AND DEMOGRAPHICS
4 INDUSTRY OUTLOOK
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Direct written premium
4.1.3 Insurance density
4.1.4 Active policies
4.1.5 Paid claims
5.LIFE INSURANCE OUTLOOK
5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Direct written premium
5.1.3 Active policies
5.1.4 Paid claims
5.1.5 Penetration
5.1.6 Assets and investments
5.2 Individual Life Insurance
5.2.1 Gross written premium
5.2.2 Active policies
5.2.3 Penetration
5.3 Group Life Insurance
5.3.1 Gross written premium
5.3.2 Active policies
5.3.3 Penetration
6.GENERAL INSURANCE OUTLOOK
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Direct written premium
6.1.3 Active policies
6.1.4 Paid claims
6.1.5 Penetration
6.1.6 Loss ratio
6.1.7 Assets and investments
6.2 Property Insurance
6.2.1 Gross written premium
6.2.2 Active policies
6.2.3 Penetration
6.2.4 Claims
6.2.5 Profitability
6.3 Motor Insurance
6.3.1 Gross written premium
6.3.2 Active policies
6.3.3 Penetration
6.3.4 Claims
6.3.5 Profitability
6.4 Liability Insurance
6.4.1 Gross written premium
6.4.2 Active policies
6.4.3 Penetration
6.4.4 Claims
6.4.5 Profitability
6.5 Marine, Aviation and Transit Insurance
6.5.1 Gross written premium
6.5.2 Active policies
6.5.3 Penetration
6.5.4 Claims
6.5.5 Profitability
6.6 Personal Accident and Health Insurance
6.6.1 Gross written premium
6.6.2 Active policies
6.6.3 Penetration
6.6.4 Claims
6.6.5 Profitability
6.7 Miscellaneous
6.7.1 Gross written premium
6.7.2 Active policies
6.7.3 Penetration
6.7.4 Claims
6.7.5 Profitability
7.REINSURANCE OUTLOOK
7.1 Premium Ceded
8.DISTRIBUTION CHANNEL OUTLOOK
9.NATURAL AND MAN-MADE HAZARDS
9.1 Flooding
9.2 Storms
9.3 Epidemics
9.4 Exposure
10 COMPETITIVE LANDSCAPE
10.1 Company Profiles
10.1.1 National Life & General Insurance Company - company overview
10.1.2 Dhofar Insurance Company - company overview
10.1.3 Oman United Insurance Company - company overview
10.1.4 Al Madina Insurance Company SAOG - company overview
10.1.5 Al Ahlia Insurance Company - company overview
11 GOVERNANCE, RISK AND COMPLIANCE
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life Insurance
11.3.2 Property Insurance
11.3.3 Motor Insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Motor third party liability insurance
11.4.2 Workers’ compensation insurance
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Capital Market Authority
11.5.3 Oman Insurance Association
11.6 Non-Admitted Insurance Regulation
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution (ADR)
12 DATABOOK
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.1.4 Individual life insurance
12.1.5 Group life insurance
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Property insurance
12.2.5 Property insurance by category
12.2.6 Motor insurance
12.2.7 Motor insurance by category
12.2.8 Liability insurance
12.2.9 Marine, aviation and transit insurance
12.2.10 Marine, aviation and transit Insurance by category
12.2.11 Personal accident and health insurance
12.2.12 Personal accident and health insurance by category
12.2.13 Miscellaneous
13 DEFINITIONS AND METHODOLOGY
13.1 Definitions
13.2 Methodology
14 About
14.1 Contact
14.2 About
14.3 Services
14.4 Disclaimer
List of Tables
Table 1: Omani Insurance Industry - Key Facts, 2017
Table 2: Omani Insurance Industry - Industry Shares of the Top Insurers, 2017
Table 3: Omani Government Credit Ratings
Table 4: Omani Insurance Industry - Gross Written Premium (OMR Million and US$ Billion), 2013-2017
Table 5: Omani Insurance Industry - Gross Written Premium (OMR Million and US$ Billion), 2017-2022
Table 6: Omani Insurance Industry - Direct Written Premium (OMR Million and US$ Billion), 2013-2017
Table 7: Omani Insurance Industry - Direct Written Premium (OMR Million and US$ Billion), 2017-2022
Table 8: Omani Insurance Industry - Density (OMR), 2013-2017
Table 9: Omani Insurance Industry - Density (OMR), 2017-2022
Table 10: Omani Insurance Industry - Number of Active Policies (Million), 2013-2017
Table 11: Omani Insurance Industry - Number of Active Policies (Million), 2017-2022
Table 12: Omani Insurance Industry - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 13: Omani Insurance Industry - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 14: Omani Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 15: Omani Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 16: Omani Life Insurance - Direct Written Premium (OMR Million and US$ Million), 2013-2017
Table 17: Omani Life Insurance - Direct Written Premium (OMR Million and US$ Million), 2017-2022
Table 18: Omani Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 19: Omani Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 20: Omani Life Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 21: Omani Life Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 22: Omani Life Insurance - Total Assets (OMR Million and US$ Million), 2013-2017
Table 23: Omani Life Insurance - Total Assets (OMR Million and US$ Million), 2017-2022
Table 24: Omani Individual Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 25: Omani Individual Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 26: Omani Individual Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 27: Omani Individual Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 28: Omani Group Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 29: Omani Group Life Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 30: Omani Group Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 31: Omani Group Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 32: Omani General Insurance - Gross Written Premium (OMR Million and US$ Billion), 2013-2017
Table 33: Omani General Insurance - Gross Written Premium (OMR Million and US$ Billion), 2017-2022
Table 34: Omani General Insurance - Direct Written Premium (OMR Million and US$ Billion), 2013-2017
Table 35: Omani General Insurance - Direct Written Premium (OMR Million and US$ Billion), 2017-2022
Table 36: Omani General Insurance - Number of Active Policies (Million), 2013-2017
Table 37: Omani General Insurance - Number of Active Policies (Million), 2017-2022
Table 38: Omani General Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 39: Omani General Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 40: Omani General Insurance - Total Assets (OMR Million and US$ Billion), 2013-2017
Table 41: Omani General Insurance - Total Assets (OMR Million and US$ Billion), 2017-2022
Table 42: Omani Property Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 43: Omani Property Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 44: Omani Property Insurance - Number of Active Policies (Thousand), 2013-2017
Table 45: Omani Property Insurance - Number of Active Policies (Thousand), 2017-2022
Table 46: Omani Property Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 47: Omani Property Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 48: Omani Property Insurance - Loss Ratio (%), 2013-2017
Table 49: Omani Property Insurance - Loss Ratio (%), 2017-2022
Table 50: Omani Motor Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 51: Omani Motor Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 52: Omani Motor Insurance - Number of Active Policies (Million), 2013-2017
Table 53: Omani Motor Insurance - Number of Active Policies (Million), 2017-2022
Table 54: Omani Motor Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 55: Omani Motor Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 56: Omani Motor Insurance - Loss Ratio (%), 2013-2017
Table 57: Omani Motor Insurance - Loss Ratio (%), 2017-2022
Table 58: Omani Liability Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 59: Omani Liability Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 60: Omani Liability Insurance - Number of Active Policies (Thousand), 2013-2017
Table 61: Omani Liability Insurance - Number of Active Policies (Thousand), 2017-2022
Table 62: Omani Liability Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 63: Omani Liability Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 64: Omani Liability Insurance - Loss Ratio (%), 2013-2017
Table 65: Omani Liability Insurance - Loss Ratio (%), 2017-2022
Table 66: Omani Marine, Aviation and Transit Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 67: Omani Marine, Aviation and Transit Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 68: Omani Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2013-2017
Table 69: Omani Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2017-2022
Table 70: Omani Marine, Aviation and Transit Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 71: Omani Marine, Aviation and Transit Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 72: Omani Marine, Aviation and Transit Insurance - Loss Ratio (%), 2013-2017
Table 73: Omani Marine, Aviation and Transit Insurance - Loss Ratio (%), 2017-2022
Table 74: Omani Personal Accident and Health Insurance - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 75: Omani Personal Accident and Health Insurance - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 76: Omani Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2013-2017
Table 77: Omani Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2017-2022
Table 78: Omani Personal Accident and Health Insurance - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 79: Omani Personal Accident and Health Insurance - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 80: Omani Personal Accident and Health Insurance - Loss Ratio (%), 2013-2017
Table 81: Omani Personal Accident and Health Insurance - Loss Ratio (%), 2017-2022
Table 82: Omani Miscellaneous - Gross Written Premium (OMR Million and US$ Million), 2013-2017
Table 83: Omani Miscellaneous - Gross Written Premium (OMR Million and US$ Million), 2017-2022
Table 84: Omani Miscellaneous - Number of Active Policies (Thousand), 2013-2017
Table 85: Omani Miscellaneous - Number of Active Policies (Thousand), 2017-2022
Table 86: Omani Miscellaneous - Paid Claims (OMR Million and US$ Million), 2013-2017
Table 87: Omani Miscellaneous - Paid Claims (OMR Million and US$ Million), 2017-2022
Table 88: Omani Miscellaneous - Loss Ratio (%), 2013-2017
Table 89: Omani Miscellaneous - Loss Ratio (%), 2017-2022
Table 90: Omani Reinsurance - Premium Ceded by Insurance Segment (OMR Million), 2013-2017
Table 91: Omani Reinsurance - Premium Ceded by Insurance Segment (OMR Million), 2017-2022
Table 92: Omani Insurance Industry - Market Shares of Leading Insurers (%), 2017
Table 93: Omani Life Insurance Segment - Market Shares of Leading Insurers (%), 2017
Table 94: Omani General Insurance Segment - Market Shares of Leading Insurers (%), 2017
Table 95: National Life & General Insurance Company - Key Facts
Table 96: Dhofar Insurance Company - Key Facts
Table 97: Oman United Insurance Company - Key Facts
Table 98: Al Madina Insurance Company SAOG - Key Facts
Table 99: Al Ahlia Insurance Company - Key Facts
Table 100: Oman - Insurance Regulatory Framework Key Features
Table 101: Oman - Life Insurance Regulatory Framework
Table 102: Oman - Property Insurance Regulatory Framework
Table 103: Oman - Motor Insurance Regulatory Framework
Table 104: Oman - No-Claims Discount Percentages for Comprehensive and Third-Party Insurance
Table 105: Oman - Liability Insurance Regulatory Framework
Table 106: Oman - Corporate Tax Rates for the Financial Year 2018
Table 107: Omani Life Insurance - Policies and Premium, 2013-2017
Table 108: Omani Life Insurance - Policies and Premium, 2017-2022
Table 109: Omani Life Insurance - Claims and Expenses, 2013-2017
Table 110: Omani Life Insurance - Claims and Expenses, 2017-2022
Table 111: Omani Life Insurance - Assets and Investments, 2013-2017
Table 112: Omani Life Insurance - Assets and Investments, 2017-2022
Table 113: Omani Life Insurance - Individual Life Insurance, 2013-2017
Table 114: Omani Life Insurance - Individual Life Insurance, 2017-2022
Table 115: Omani Life Insurance - Group Life Insurance, 2013-2017
Table 116: Omani Life Insurance - Group Life Insurance, 2017-2022
Table 117: Omani General Insurance - Policies and Premium, 2013-2017
Table 118: Omani General Insurance - Policies and Premium, 2017-2022
Table 119: Omani General Insurance - Claims and Expenses, 2013-2017
Table 120: Omani General Insurance - Claims and Expenses, 2017-2022
Table 121: Omani General Insurance - Assets and Investments, 2013-2017
Table 122: Omani General Insurance - Assets and Investments, 2017-2022
Table 123: Omani General Insurance - Property Insurance, 2013-2017
Table 124: Omani General Insurance - Property Insurance, 2017-2022
Table 125: Omani General Insurance - Property Insurance by Category, 2013-2017
Table 126: Omani General Insurance - Property Insurance by Category, 2017-2022
Table 127: Omani General Insurance - Motor Insurance, 2013-2017
Table 128: Omani General Insurance - Motor Insurance, 2017-2022
Table 129: Omani General Insurance - Motor Insurance by Category, 2013-2017
Table 130: Omani General Insurance - Motor Insurance by Category, 2017-2022
Table 131: Omani General Insurance - Liability Insurance, 2013-2017
Table 132: Omani General Insurance - Liability Insurance, 2017-2022
Table 133: Omani General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 134: Omani General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 135: Omani General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 136: Omani General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
Table 137: Omani General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 138: Omani General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 139: Omani General Insurance - Personal Accident and Health Insurance by Category, 2013-2017
Table 140: Omani General Insurance - Personal Accident and Health Insurance by Category, 2017-2022
Table 141: Omani General Insurance - Miscellaneous, 2013-2017
Table 142: Omani General Insurance - Miscellaneous, 2017-2022
Table 143: Insurance Industry Definitions
List of Figures
Figure 1: Omani Real GDP (OMR Billion), 2013-2022
Figure 2: Omani Exchange Rate (OMR per US$), 2013-2022
Figure 3: Omani Consumer Price Inflation (%), 2013-2022
Figure 4: Omani Current Account Balance as Percentage of GDP (%), 2013-2022
Figure 5: Omani Unemployment Rate, 2013-2022
Figure 6: Omani Population by Age Group, 2013-2022
Figure 7: Omani Insurance Industry - Gross Written Premium (OMR Million), 2013-2022
Figure 8: Omani Insurance Industry - Direct Written Premium (OMR Million), 2013-2022
Figure 9: Omani Insurance Industry - Density (OMR), 2013-2022
Figure 10: Omani Insurance Industry - Number of Active Policies (Million), 2013-2022
Figure 11: Omani Insurance Industry - Paid Claims (OMR Million), 2013-2022
Figure 12: Omani Life Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 13: Omani Life Insurance - Direct Written Premium (OMR Million), 2013-2022
Figure 14: Omani Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 15: Omani Life Insurance - Paid Claims (OMR Million), 2013-2022
Figure 16: Omani Life Insurance - Penetration (%), 2013-2017
Figure 17: Omani Life Insurance - Penetration (%), 2017-2022
Figure 18: Omani Life Insurance - Total Assets (OMR Million), 2013-2022
Figure 19: Omani Individual Life Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 20: Omani Individual Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 21: Omani Individual Life Insurance - Penetration (%), 2013-2017
Figure 22: Omani Individual Life Insurance - Penetration (%), 2017-2022
Figure 23: Omani Group Life Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 24: Omani Group Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 25: Omani Group Life Insurance - Penetration (%), 2013-2017
Figure 26: Omani Group Life Insurance - Penetration (%), 2017-2022
Figure 27: Omani General Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 28: Omani General Insurance - Direct Written Premium (OMR Million), 2013-2022
Figure 29: Omani General Insurance - Number of Active Policies (Million), 2013-2022
Figure 30: Omani General Insurance - Paid Claims (OMR Million), 2013-2022
Figure 31: Omani General Insurance - Penetration (%), 2013-2017
Figure 32: Omani General Insurance - Penetration (%), 2017-2022
Figure 33: Omani General Insurance - Loss Ratio (%), 2013-2017
Figure 34: Omani General Insurance - Loss Ratio (%), 2017-2022
Figure 35: Omani General Insurance - Total Assets (OMR Million), 2013-2022
Figure 36: Omani Property Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 37: Omani Property Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 38: Omani Property Insurance - Penetration (%), 2013-2017
Figure 39: Omani Property Insurance - Penetration (%), 2017-2022
Figure 40: Omani Property Insurance - Paid Claims (OMR Million), 2013-2022
Figure 41: Omani Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 42: Omani Motor Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 43: Omani Motor Insurance - Number of Active Policies (Million), 2013-2022
Figure 44: Omani Motor Insurance - Penetration (%), 2013-2017
Figure 45: Omani Motor Insurance - Penetration (%), 2017-2022
Figure 46: Omani Motor Insurance - Paid Claims (OMR Million), 2013-2022
Figure 47: Omani Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 48: Omani Liability Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 49: Omani Liability Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 50: Omani Liability Insurance - Penetration (%), 2013-2017
Figure 51: Omani Liability Insurance - Penetration (%), 2017-2022
Figure 52: Omani Liability Insurance - Paid Claims (OMR Million), 2013-2022
Figure 53: Omani Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 54: Omani Marine, Aviation and Transit Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 55: Omani Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 56: Omani Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 57: Omani Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 58: Omani Marine, Aviation and Transit Insurance - Paid Claims (OMR Million), 2013-2022
Figure 59: Omani Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 60: Omani Personal Accident and Health Insurance - Gross Written Premium (OMR Million), 2013-2022
Figure 61: Omani Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 62: Omani Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 63: Omani Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 64: Omani Personal Accident and Health Insurance - Paid Claims (OMR Million), 2013-2022
Figure 65: Omani Personal Accident and Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 66: Omani Miscellaneous - Gross Written Premium (OMR Million), 2013-2022
Figure 67: Omani Miscellaneous - Number of Active Policies (Thousand), 2013-2022
Figure 68: Omani Miscellaneous - Penetration (%), 2013-2017
Figure 69: Omani Miscellaneous - Penetration (%), 2017-2022
Figure 70: Omani Miscellaneous - Paid Claims (OMR Million), 2013-2022
Figure 71: Omani Miscellaneous - Earned Premium, Incurred Loss and Loss Ratio (OMR Million and %), 2013-2022
Figure 72: Omani Reinsurance - Premium Ceded by Insurance Segment (OMR Million), 2013-2022
Figure 73: Omani Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 74: Omani General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 75: Omani Insurance Industry - Market Shares of Leading Insurers (%), 2017
Figure 76: Omani Life Insurance Segment - Market Shares of Leading Insurers (%), 2017
Figure 77: Omani General Insurance Segment - Market Shares of Leading Insurers (%), 2017
Figure 78: Oman - Insurance Supervision and Control at Various Levels
Figure 79: Oman - Insurance Regulatory Frameworks for Company Registration and Operation

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • National Life Insurance and General
  • Dhofar Insurance
  • Oman United Insurance
  • Al Madina Takaful
  • Al Ahlia Insurance
  • The New India Assurance Company
  • Oman & Qatar Insurance
  • Axa Insurance
  • Muscat Insurance Company SAOG
  • Vision Insurance

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