Oman

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Capital Markets Authority
Web: https://www.cma.gov.om/

 

Population, 2011-2015 (1)

 

Year Population
2011 3,027,959
2012 3,090,150
2013 3,154,134
2014 3,219,775
2015 3,286,936

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $76.5
2012 80.9
2013 94.9
2014 163.6
2015 171.4

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $1,008
Life premiums 116
Total premiums $1,124
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

 

  Gross written premiums
Company OMR Mn USD Mn
Dhofar Insurance Company 58.9 153.1
Oman United Insurance 31.4 81.5
Al Ahlia Insurance Company 30.9 80.3
New India Assurance 25.3 65.8
Oman Qatar Insurance 17.0 44.2
AXA Insurance 15.7 40.8
Vision Insurance 13.6 35.4
Muscat Insurance 12.4 32.3
AIG MEA Limited 10.4 27.1
Falcon Insurance 10.3 26.9

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2015

 

  Gross written premiums
Company OMR Mn USD Mn
MetLife Alico Insurance 8.7 22.6
Falcon Insurance 6.7 17.5
Dhofar Insurance 6.0 15.6
National Life Insurance 5.9 15.3
AXA Insurance 4.5 11.7
Vision Insurance 4.5 11.6
Oman United Insurance 3.3 8.6
Oman Insurance 3.3 8.5
Life Insurance Corporation 2.3 5.9
Oman Qatar Insurance 1.7 4.4

Source: Axco Insurance Information Services.

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