The Capital Markets Authority of Oman (CMA) has approved the implementation of a specific insurance policy for Omani fishermen.
The new product covers fishing boat owners against natural hazards and damage to hull, machinery, equipment, etc. It also covers the policyholder's third party liability and personal accidents while at sea.
The product will be launched in H1 2022.
Read also | Top 10 insurance companies in Oman [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-187-january-2022
[4] https://www.atlas-mag.net/en/article/omani-insurance-industry-top-10-insurers-in-2019