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Oman Insurance Industry - Key Trends and Opportunities to 2025

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    Report

  • 62 Pages
  • February 2022
  • Region: Oman
  • GlobalData
  • ID: 5573004
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The publisher's 'Oman Insurance Industry - Key Trends and Opportunities to 2025’ report provides in-depth market analysis, information and insights into the Omani insurance industry

This report provides a detailed outlook by product category for the Omani insurance industry.

It provides values for key performance indicators such as gross written premium, penetration, premium accepted and premium ceded, profitability ratios, and premium by line of business, during the review period (2016-2020) and forecast period (2020-2025).
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 publisher'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.

Key Highlights


  • Key insights and dynamics of the Omani insurance industry
  • A comprehensive overview of the Omani economy, government initiatives and investment opportunities
  • The Omani insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements
  • The Omani insurance industry’s market structure giving details of lines of business
  • Oman’s reinsurance business’s market structure giving details of premium ceded along with cession rates
  • Details of the competitive landscape and competitors’ profiles

Scope


This report provides a comprehensive analysis of the Oman insurance industry -
  • It provides historical values for the Omani insurance industry for the report’s 2016-2020 review period, and projected figures for the 2020-2025 forecast period
  • It offers a detailed analysis of the key categories in the Omani insurance industry, and market forecasts to 2025
  • It profiles the top life 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 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 growth opportunities and market dynamics in key product categories

Table of Contents

  • Executive Summary
  • Economy Overview
  • Regulatory and Compliance
  • Key Market Trends
  • Life Insurance Overview
  • Penetration and Growth
  • Premium Trends
  • General Insurance Overview
  • Penetration and Growth
  • Premiums and Profitability
  • Key Trends by Lines of Business
  • Competitive Landscape
  • Insurance Industry - Market Share and Concentration
  • Competitors Profiles
  • Reinsurance
  • Reinsurance Market Overview
  • Reinsurance Accepted Premiums
  • Reinsurance Ceded Premiums
  • Regulatory and Compliance
  • Insurtech
  • Appendix

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AXA Insurance (Gulf) B.S.C. (c) (Oman)
  • Takaful Oman Insurance S.A.O.G
  • National Life & General Insurance Company
  • Arabia Falcon Insurance SAOC
  • American Life Insurance Company (MetLife)
  • Oman Insurance Company (PSC)(Oman)
  • National Life & General Insurance Company
  • Dhofar Insurance Company
  • Al Madina Insurance Company
  • Oman Qatar Insurance Company
  • Oman United Insurance Company
  • Vision Insurance SAOG
  • Al Ahlia Insurance Company SAOC
  • Muscat Insurance Company SAOG
  • The New India Assurance Company Limited (Oman)