Governance, Risk and Compliance – The Omani Insurance Industry

Date: 2015-11
Pages:33
Price:

“• The insurance industry of Oman is regulated by the Capital Market Authority.

• 100% FDI is permitted in the Omani insurance industry.

• Motor third-party liability insurance, professional indemnity insurance for insurance intermediaries and doctors and liability insurance for oil pollution are the compulsory classes of insurance in Oman.

• Composite insurance is permitted in the Omani insurance industry.

• Non-admitted insurance is prohibited, except for life insurance and reinsurance on a cross-border basis.”

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