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.
The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of this year (9M2025), with mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Oman Re, the Sultanate of Oman's sole reinsurer, has announced strong financial results for the nine months ended 30 September 2025 (9M2025), recording a net profit after tax of OMR3.2m ($8.4m).
The combined insurance revenue of the listed insurance companies in Oman jumped by 13%, increasing to OMR541.6m ($1.4bn) in the first three quarters of 2025 (3Q2025) from OMR479.60m in the corresponding period in 2024, according to an analysis by Badri Management Consultancy, an international actuarial and risk consultancy.
Oman Re has successfully hosted its inaugural Insurance Leadership Roundtable bringing together the CEOs and top executives of Oman's insurance sector for an evening of dialogue, foresight and collaboration.