Omani insurance market in 2020
Figures in thousands
| Class of business | 2020 turnover | 2019 turnover | 2019-2020 evolution * | 2020 shares | ||
|---|---|---|---|---|---|---|
| In OMR | In USD | In OMR | In USD | |||
Health | 155 193 | 402 125 | 170 108 | 440 714 | -8.77% | 33.31% |
Motor | 113 364 | 293 741 | 129 803 | 336 292 | -12.66% | 24.33% |
Property damage | 71 376 | 184 944 | 57 845 | 149 864 | 23.39% | 15.32% |
Engineering | 22 312 | 57 813 | 23 023 | 59 648 | -3.09% | 4.79% |
Marine | 13 692 | 35 478 | 13 248 | 34 323 | 3.35% | 2.94% |
Third party liability | 12 449 | 32 257 | 11 201 | 29 020 | 11.14% | 2.67% |
Other risks | 23 757 | 61 558 | 20 652 | 53 505 | 15.03% | 5.10% |
| Total non-life | 412 143 | 1 067 916 | 425 880 | 1 103 366 | -3.23% | 88.46% |
Group insurance | 35 146 | 91 068 | 36 637 | 94 918 | -4.07% | 7.55% |
Individual life insurance | 18 606 | 48 211 | 24 065 | 62 348 | -22.68% | 3.99% |
| Total life | 53 752 | 139 279 | 60 702 | 157 266 | -11.45% | 11.54% |
| Grand total | 465 895 | 1 207 195 | 486 582 | 1 260 632 | -4.25% | 100% |
* Evolution in local currency
Exchange rate as at 31/12/2020: 1 OMR = 2.59113 USD ; as at 31/12/2019: OMR 1 = USD 2.59079
Read also | Top 10 insurance companies in Oman
