in Regional News

Oman’s Insurance Industry Growing Apace

According to the Times of Oman the Capital Market Authority of Oman announced that the country’s insurance industry has posted a year-on-year growth of 8.8 percent for the first 6 months of 2014.

Unaudited figures showed a total volume of insurance premium sales totaling 226.8 million Omani rials ($589.2 million.) After reinsurance the total net earned premiums came to about OMR 122 ($317 million) compared to last year’s total of OMR 106 million ($276 million.)

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