Oman – Insurance assets at 856.4 million rials
Wednesday, 05 31 2017, Category: Insurance and Reinsurance, Country: Oman
The total assets of insurance companies reached 856.4 million Omani Rials by year-end 2016 with a 10% increase compared to year 2015.
According to the statistics issued by the Capital Market Authority, the foreign insurance companies achieved significant progress at this level with a 16% increase in total assets at the end of last year 2016.
The total assets of life insurance companies increased by 25% and reached 238.6 million Omani Rials by year end 2016 compared to 190.8 million Omani Rials in year 2015. Non-life insurance assets increased by 5% in year 2016 with an increase of 30.6 million Omani Rials.