The Omani insurance industry [4] recorded a penetration rate of 1.63% for the year 2017. The total direct written premiums increased by 0.3%, reaching 451.57 million OMR (1.17 billion USD) in 2017 against 450.25 million OMR (1.167 billion USD) at the end of the 2016 financial year.
Takaful premiums witnessed a significant growth, representing 10% of the total direct insurance premiums.
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[3] https://www.atlas-mag.net/en/issue/training-up-against-digital-shock
[4] https://www.atlas-mag.net/en/article/results-2017-of-the-omani-insurance-market