Fenchurch Faris Insurance Services (Oman), an offshoot of the Greece-based Fenchurch Faris Brokerage, has been appointed as insurance consultants by Oman's Tender and Local Content Authority (PTLCA) to support the review of insurance arrangements and develop an insurance work strategy for government projects.
Profitability improved significantly in 2025 for eight listed insurance companies whose preliminary annual financial results were analysed by BADRI Management Consultancy, a Dubai-headquartered international actuarial and risk consultancy firm.
The Financial Services Authority (FSA) yesterday issued an administrative decision approving new regulatory amendments to the Unified Motor Insurance Policy Model, introducing a package of benefits aimed at expanding insurance protection for motor insurance policyholders and enhancing the quality of services provided.
Takaful Oman Insurance has issued and listed its Series 2 perpetual sukuk from which it raised OMR6m ($15.6m).
Oman's Head of State, Sultan Haitham bin Tarik, who is also the country's Prime Minister, has issued a Royal Decree establishing the International Financial Centre of Oman (IFC Oman) and enacting its own dedicated law.
Liva, a leading insurance group operating across the GCC, has announced two key leadership appointments as it enters the next phase of its development.
2025 has to date represented a challenging yet transformative period for Oman's insurance sector, says BADRI Management Consultancy, an international actuarial and risk consulting company.
Oman Re, the sole reinsurer in Oman, has received an upgraded Insurer Financial Strength (IFS) Rating of 'BBB' from 'BBB-' from global credit rating agency Fitch Ratings. The outlook for the rating is 'Stable'.
Oman's Financial Services Authority (FSA) has said that it has held discussions with insurance companies on developing a unified model for motor claims practices.
With profound sadness, Muscat Insurance Company announced the passing of their CEO, Mr Steven John Samson, on 23 November 2025.