Magazine date:
Nov 2013 New India Assurance, the first Indian state owned insurer, is planning a measured expansion of its operations in Oman. For New India, the Sultanate accounts for the second largest foreign market after the United Kingdom. The new agencies authorized to join the company’s network will have to be dispatched throughout the country and connected to the internet. The policies distributed online pertain to motor, accident and travel insurance. New India Assurance, which underwrites 14% of the market turnover, has been crowned “Best non-life insurer" by World Finance in Oman.