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oman insurance co psc (OIC) Details

Oman Insurance Company P.S.C. provides insurance solutions in the Middle East and internationally. The company operates in General Insurance and Life Insurance segments. The General Insurance segment comprises property, motor, general accident, aviation, and marine insurance products. The Life Insurance segment includes participating and non-participating individual life, medical, group life, and personal accident insurance products, as well as investment linked products. The company also offers bancassurance services for retail, corporate, or private banking and wealth management customers. It serves individuals; medium to large industrial and commercial enterprises; and energy, marine, and construction sectors. The company was founded in 1975 and is headquartered in Dubai, the United Arab Emirates. Oman Insurance Company P.S.C. is a subsidiary of Mashreq Bank (PSC).

Founded in 1975

oman insurance co psc (OIC) Top Compensated Officers

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oman insurance co psc (OIC) Key Developments

Oman Insurance Company Reports Earnings Results for the Second Quarter and First Six Months of 2014

Oman Insurance Company reported earnings results for the second quarter and first six months of 2014. The company reported net profit of AED 71.7 million for the second quarter of 2014, marking an increase from the AED 48.8 million made during the same period last year. The company reported net profits for the first half of 2014 to AED 127.2 million up from the AED 94.3 million made during the first half of 2013.

Oman Insurance Company Launches Business 360, Comprehensive SME Insurance Solution

Oman Insurance Company has launched a new Business 360 product to address the complex SME insurance requirements. The simple pre-underwritten, multi-line solution is a first in the UAE. It offers the range of covers, with solutions for Group Medical, Motor Fleet, Property All Risk and Liability. With one simple application, Business 360 offers a wide range of insurance covers, catering to different industries. Additionally, the online platform allows to quote and bind new policies instantly, making it a quick and easy process. Optional cover extensions add the flexibility necessary to tailor the insurance policy to meet more specific business needs. Importantly, Business 360 fulfills mandatory insurance requirements in certain UAE Free Zones, with the ability to issue Free Zone insurance certificates. The Business 360 insured SME will benefit from competitive pricing and covers, tailor-made for the UAE market by the insurer in the country.

Oman Insurance Company Reports Earnings Results for the Year 2013

Oman Insurance Company reported earnings results for the year 2013. For the year, the company reported net profit of AED 246 million. The company's gross written premium was up 19.5% at AED 2.9 billion compared to the previous year.


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