Oman – 66% Omanization in insurance sector
Thursday, 09 08 2016, Category: Insurance and Reinsurance, Country: Oman
The published 2015 annual statistics of the insurance market indicate that the number of employees in the insurance sector in 2015 reached approximately 2525 employees of whom 1679 are Omanis representing 66% of all employees in the insurance sector. However, in year 2014 there were 2353 employees of whom 1536 are Omanis representing 65% of total workers in the sector.
According to the statistics issued by the Capital Market Authority, the number of Omani employees in national insurance companies reached around 1024 employees in year 2015 compared to 949 employees in year 2014. Therefore, the Omanization rate in national insurance companies reached approximately 69% last year compared to 68% in year 2014.
Source: Al Watan