Insurance sector expects 11% growth in premium income
Omani insurance companies are expected to achieve 10-11% growth in gross premium revenue this year, a top-level official of a leading insurance firm said. Gross direct premium of insurance firms in Oman grew by 11% to OMR442mn in 2015. Among various segments, healthcare insurance and motor insurance segments are growing, said S. Venkatachalam, chief executive officer of National Life & General Insurance Company – the largest insurance firm in Oman in terms of premium income. (Times of Oman)
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