Oman – Recommendation to found Agricultural insurer
Thursday, 12 17 2015, Category: Insurance and Reinsurance, Country: Oman
A seminar under the title “Insurance of agricultural crops, livestock and fish industries” finished lately its activities at the “Oman Chamber of Commerce and Industry” and stressed on the importance of taking care of the agricultural sector given the necessity of diversifying the economy. Agriculture should be given the means and resources in order to play a great role in supporting economic and social development in the Sultanate of Oman. The seminar in the field of the insurance of the agricultural sector stressed the necessity of protecting agricultural crops from natural, social and economic risks. It also recommended the establishment of a specialized insurance company that will cover agricultural, livestock and fisheries and asked for a feasibility study to be launched immediately. It also stressed the importance of setting a plan and a timetable to establish such a company but also encouraged insurance companies to open departments for the insurance of agriculture, livestock and fishing industries.
Source: Al Shabiba