Oman Insurance Q2 2019
Oman's insurance industry does offer scope to expand from what is currently a small base. Economic growth in thecountry should translate to higher income and expenditure rate, increasing both the affordability of insurance cover and boostingdemand as consumption of insurable products and services climbs. However, with a small population of less than 5mn and limiteddemand for covers (particularly in the life insurance segment), the volume of underwriting activity will remain low by both regionaland global standards.
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