Road accidents are costly to Omani insurers
Omani roads reported 4721 traffic accidents in 2016, a figure 42% below that of 2012 when 8 209 accidents were registered.
The number of the deceased and injured has also dwindled down respectively by 45% and 31%. Youngsters aged between 17 and 27 are responsible for 40% of the accidents. This scourge is considered to be the second cause of death in the Sultanate.
According to the Omani supervisory authorities, road crashes have triggered losses worth 116 million OMR (302 million USD) for local insurance companies. This figure was of 108 million OMR (281 million USD) in 2013.
Road accidents account for approximately 2.5% of the annual GDP for the member countries in the Gulf’s Cooperation Council (GCC).
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