Magazine date:
Jul 2023 
The Capital Market Authority (CMA) has released the Omani insurance market [4] results as at 30 June 2023. The overall turnover of all insurers reached 332.9 million OMR (862 million USD), representing an 11.9% increase over one year.
Domestic companies accounted for 85.7% of this amount, against 14.3% for foreign companies operating in the Sultanate.
Insurance companies have settled claims amounting to 115 million OMR (297.7 million USD) in the first half of 2023, up by 17% compared with the same period of 2022.