Omani insurance industry in 2019
Omani insurance industry in 2019: turnover per class of business
Figures in thousands| Class of business | 2019 turnover | 2018 turnover | 2018-2019 evolution * | 2019 shares | ||
|---|---|---|---|---|---|---|
| In OMR | In USD | In OMR | In USD | |||
Health | 170 108 | 440 714 | 152 299 | 394 549 | 11,69% | 34,96% |
Motor | 129 803 | 336 292 | 144 983 | 375 596 | -10,47% | 26,68% |
Property damage | 57 845 | 149 864 | 48 690 | 126 137 | 18,80% | 11,89% |
Engineering | 23 023 | 59 648 | 14 634 | 37 911 | 57,33% | 4,73% |
Marine | 13 248 | 34 323 | 11 133 | 28 841 | 19,00% | 2,72% |
Third party liability | 11 201 | 29 020 | 11 801 | 30 572 | -5,08% | 2,30% |
Other risks | 20 652 | 53 505 | 20 424 | 52 911 | 1,12% | 4,24% |
| Total non-life | 425 880 | 1 103 366 | 403 964 | 1 046 517 | 5,43% | 87,52% |
Group insurance | 36 637 | 94 918 | 40 903 | 105 964 | -10,43% | 7,53% |
Individual life insurance | 24 065 | 62 348 | 18 728 | 48 517 | 28,50% | 4,95% |
| Total life | 60 702 | 157 266 | 59 631 | 154 481 | 1,80% | 12,48% |
| Grand total | 486 582 | 1 260 632 | 463 595 | 1 200 998 | 4,96% | 100% |
Read also | Omani insurance market: results 2020
Omani insurance industry in 2019: premiums breakdown per class of business and per type of company
Figures in thousands| Class of business | National insurance companies | Foreign insurance companies | Total market 2019 | |||
|---|---|---|---|---|---|---|
| In OMR | In USD | In OMR | In USD | In OMR | In USD | |
Health | 149 813 | 388 134 | 20 295 | 52 580 | 170 108 | 440 714 |
Motor | 110 816 | 287 101 | 18 987 | 49 191 | 129 803 | 336 292 |
Property damage | 50 905 | 131 884 | 6 940 | 17 980 | 57 845 | 149 864 |
Engineering | 19 001 | 49 228 | 4 022 | 10 420 | 23 023 | 59 648 |
Marine | 11 722 | 30 369 | 1 526 | 3 954 | 13 248 | 34 323 |
Third party liability | 8 943 | 23 170 | 2 258 | 5 850 | 11 201 | 29 020 |
Other risks | 16 143 | 41 823 | 4 509 | 11 682 | 20 652 | 53 505 |
| Total non-life | 367 343 | 951 709 | 58 537 | 151 657 | 425 880 | 1 103 366 |
Group insurance | 29 480 | 76 376 | 7 157 | 18 542 | 36 637 | 94 918 |
Individual life insurance | 5 428 | 14 063 | 18 637 | 48 285 | 24 065 | 62 348 |
| Total life | 34 908 | 90 439 | 25 794 | 66 827 | 60 702 | 157 266 |
| Grand total | 402 251 | 1 042 148 | 84 331 | 218 484 | 486 582 | 1 260 632 |
Omani insurance industry in 2019: premiums breakdown per type of company
Figures in thousands| 2019 turnover | 2018 turnover | 2018-2019 evolution * | 2019 shares | |||
|---|---|---|---|---|---|---|
| OMR | USD | OMR | USD | |||
National insurance companies | 402 251 | 1 042 148 | 380 287 | 985 179 | 5,78% | 82,67% |
Foreign insurance companies | 84 331 | 218 484 | 83 308 | 215 819 | 1,23% | 17,33% |
| Grand total | 486 582 | 1 260 632 | 463 595 | 1 200 998 | 4,96% | 100% |
* Evolution in local currency
Read also | Top 10 Omani insurers in 2019
