It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011–2015) and forecast periods (2015–2020).
The report also gives a comprehensive overview of the Omani economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes the impact of natural hazards on the insurance industry.
The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations and recent changes in the regulatory structure.
Timetric's 'The Insurance Industry in Oman, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Omani insurance industry, including:
- An overview of the Omani insurance industry
- The Omani insurance industry's growth prospects by segment and category
- A comprehensive overview of the Omani economy and demographics
- The detailed competitive landscape in the Omani insurance industry
- Details of regulatory policy applicable to the Omani insurance industry
- Analysis of natural hazards in Oman
This report provides a comprehensive analysis of the insurance industry in Oman:
- It provides historical values for the Omani insurance industry for the report's 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
- It offers a detailed analysis of the key segments in the Omani insurance industry, with market forecasts to 2020.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
- It profiles the top insurance companies in Oman, and outlines the key regulations affecting them.
- It covers the economy and demographics structure of Oman.
- It analyzes the impact of natural hazards in the Omani insurance industry.
Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Omani insurance industry and each segment and category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Omani insurance industry.
- Assess the competitive dynamics in the Omani insurance industry.
- Identify the growth opportunities and market dynamics in key segments.
- Gain insights into key regulations governing the Omani insurance industry and their impact on companies and the industry's future.
- Omani economy is heavily dependent on oil resources, which generated around 84.0% of government revenue in 2015.
- Insurance penetration was 1.1% in 2014, which was lower than the GCC average of 1.4%.
- The non-life segment was the largest contributor, accounting for 65.3% of the industry's gross written premium in 2015.
- In 2016, the CMA issued a new unified motor policy with amendments. Holders with no or good claims records are entitled to a no-claims discount on renewal.
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