Two Omani insurers warned for non-compliance with health insurance retention ratio requirements

The Oman Financial Services Authority (FSA) has issued a warning to two local insurers for failure to comply with the health insurance retention ratio.

Current regulatory guidelines stipulate that insurers must retain at least 40% of net health insurance premiums within the Sultanate.

The companies in question are Muscat Insurance Company and Arabian Falcon Insurance Company.

The FSA's decision is part of broader efforts to enhance the financial stability of the insurance sector and safeguard consumer interests.