Omani insurance market in 2021

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Figures in thousands
Class of business2021 turnover2020 turnover2020-2021 evolution *2021 shares
OMRUSDOMRUSD
Health
163 866424 349155 193402 1255.59%34.15%
Motor
102 598265 689113 364293 741-9.50%21.38%
Property damage
76 316197 62971 376184 9446.92%15.90%
Engineering
24 34563 04422 31257 8139.11%5.07%
Marine
12 82933 22213 69235 478-6.30%2.67%
Third party liability
13 12733 99412 44932 2575.45%2.74%
Other risks
29 45576 27723 75761 55823.98%6.14%
Total non-life422 5361 094 204412 1431 067 9162.52%88.05%
Group insurance
41 202106 69735 14691 06817.23%8.59%
Individual life insurance
16 11941 74218 60648 211-13.37%3.36%
Total life57 321148 43953 752139 2796.64%11.95%
Grand total479 8571 242 643465 8951 207 1953%100%

* Growth rate in local currency
Exchange rate as at 31/12/2021 : 1 OMR = 2.58961 USD ; aas at 31/12/2020 : 1 OMR = 2.59113 USD

Read also | Top 10 insurance companies in Oman

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Wed, 13/07/2022 - 13:05
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