Oman:IFRS 17 amplifies credit risk of insurers

By MEIR team | 12 Sep 2024

Oman Takaful Life & Health Property & Casualty Financial Performance

The insurance industry in Oman is grappling with increasing challenges due to the amplified impact of Expected Credit Losses (ECL), as insurers adopt IFRS 17 and as credit risks increase, according to Badri Management Consultancy, an international company offering actuarial, risk management, and consulting services.

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