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Oman tag returned 256 results

  • Oman Re posts sharp 83% climb in after-tax profits in 1Q2024

    Oman Re, the Sultanate of Oman's sole reinsurer, has announced a significant surge in its net profit after tax for the first quarter of 2024, reaching an impressive OMR977K ($2.5m).

    Middle East | 02 May 2024
  • Oman: Call for action amidst flood carnage

    Insurance companies will be apprehensive of potential exposure from claims filed by private homes and businesses impacted by the severe flooding in Oman since 14 April.

    Middle East | 18 Apr 2024
  • GCC: Revenue of 76 listed insurers rises by 19% to US$32.2bn in FY2023

    Price increases, regulatory enforcement, M&A activity and generally favourable economic conditions have boosted the insurance revenue of 76 listed insurers in the GCC region for a second consecutive year in 2023 (FY2023).

    Middle East | 07 Apr 2024
  • Oman: Listed insurers' net profits soar by 42% to US$56m in 2023

    The recorded after-tax profits of Oman's eight listed insurance companies saw an increase to OMR21.5m ($56.2m) in 2023 from OMR15.2m in 2022, marking a 42% increase, according to an analysis by Badri Management Consultancy.

    Middle East | 25 Mar 2024
  • Oman: GIG Gulf secures approval to provide online insurance in sultanate

    GIG Gulf, one of the largest insurance providers in the MENA region, has received approval from the Capital Markets Authority (CMA) in Oman to provide digitally integrated insurance services for customers online.

    Middle East | 24 Mar 2024
  • Oman: Bima offers its insurance services via bank's mobile app

    Sohar International, the fastest-growing bank in the Sultanate of Oman, has signed a strategic partnership agreement with Insurance House (Bima), the first insurance portal in the Sultanate of Oman.

    Middle East | 14 Mar 2024
  • Oman: Regulator gives nod to digital platforms of 4 insurance entities

    The Capital Market Authority (CMA) has approved four insurance entities including insurance companies and brokerages to provide their integrated insurance services via online platforms.

    Middle East | 13 Mar 2024
  • Oman: More listed insurers see higher profits in 2023

    The insurance service results for listed insurance companies in Oman jumped by 28% year on year to OMR25m ($65m) in 2023, according to an analysis by Badri Management Consultancy which provides actuarial and other services.

    Middle East | 07 Mar 2024
  • Oman Re clinches retakaful window licence

    Oman Re, the sole reinsurer in the Sultanate of Oman, received a retakaful window licence from the Capital Market Authority on 22 February 2024, the company announced in a statement.

    Middle East | 06 Mar 2024
  • Oman Re's 2023 reinsurance revenue surges by 29%

    Oman Re, the Sultanate's only reinsurer, has announced a huge jump in reinsurance revenue, which reached OMR 42.1m ($109.3m) for the fiscal year ended on 31 December 2023. This marks an impressive 29% increase compared to the previous year's revenue of OMR32.5m.

    Middle East | 29 Feb 2024