Oman – OR 170 million direct health insurance
Monday, 09 07 2020, Category: Insurance and Reinsurance, Country: Oman
The total direct health insurance premiums reached OR 170 million by the end of last year whereas the number of policies issued reached 23,009 contracts. Moreover, the retention rate of insurance companies reached 72.1%.
Furthermore, the statistics issued by the Capital Market Authority showed that claims paid to policyholders reached OR 141.845 million in 2019 whereas the share of health insurance reached 35% of the portfolio.
Source: Al Watan