Magazine date:
Apr 2022 Figures in thousands
| Rank | Companies | 2021 tunover | 2020-2021 evolution* | ||
|---|---|---|---|---|---|
| 2021 | 2020 | In OMR | In USD | ||
| 1 | 1 | National Life & General Insurance (NLIF) | 146 459 | 379 272 | 9.27% |
| 2 | 2 | Dhofar Insurance (DICS) | 55 021 | 142 483 | 13.46% |
| 3 | 3 | Al Medina Takaful (AMAT) | 44 124 | 114 264 | 11.43% |
| 4 | 4 | Oman & Qatar Insurance (OQIC) | 31 394 | 81 298 | 0.36% |
| 5 | 5 | Oman United Insurance (OUIC) | 30 458 | 78 874 | -1.46% |
| 6 | 6 | Takaful Oman Insurance (TAOI) | 26 655 | 69 026 | 5.57% |
| 7 | 7 | Arabia Falcon Insurance (AFIC) | 20 443 | 52 939 | 11.80% |
| 8 | 8 | Vision Insurance SAOG (VISN) | 17 609 | 45 601 | -22.93% |
| 9 | 9 | Al Ahlia Insurance (AINS) | 17 571 | 45 502 | -7.94% |
| 10 | 10 | Muscat Insurance (MCTI) | 13 807 | 35 755 | -17.90% |
| Total of the top 10 insurers | 403 541 | 1 045 014 | 4.38% | ||
| Rest of the market ** | 76 316 | 197 629 | -3.76% | ||
| Grand total | 479 857 | 1 242 643 | 3% | ||
* Growth rate in local currency
9 insurance companies
Exchange rate at 31/12/2021 : 1 OMR = 2.58961 USD ; at 31/12/2020 : 1 OMR = 2.59113 USD
Read also | Omani insurance market [4]
