DUBAI, UAE: Oman Insurance Company announced that it has completed the sale of its insurance operations in Turkey to VHV Reasürans, Istanbul/Turkey, a company of VHV Group, Hannover/Germany. This transaction represents a continuation of Oman Insurance’s transformation and simplification strategy with the…
DUBAI, UAE: Oman Insurance Company (OIC) has acquired UAE Life insurance portfolio from Assicurazioni Generali S.p.A. The agreement, signed on February 23rd, 2022, reflects the long-term partnership between the two players and is in line with Generali’s overall strategy to…
DUBAI, UAE: Oman Insurance released its 2021 Integrated Report yesterday which includes full-year financial results along with Environmental, Social and Corporate Governance reports. The report re-emphasizes the strong financial results for 2021. The company reported a net profit of AED…
DUBAI, UAE: Oman Insurance Company has entered into an agreement with VHV Reasürans, Istanbul/Turkey, a company of VHV Group, Hannover/Germany, to fully sell its insurance operations in Turkey. Part of this transaction is also a commercial agreement where Oman Insurance…
DUBAI, UAE: In a bid to drastically simplify and improve access to health insurance for companies operating in the UAE and across the Middle East, Oman Insurance Company (DFM:OIC) has launched its Regional Insurance Medical Solution (RIMS). This new service,…
DUBAI: Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of 2020, a four percent increase on the same period last…
DUBAI: Moody’s Investor Services has assigned an A2 Insurance Financial Strength (IFS) rating to Oman Insurance Company citing its outlook as ‘Stable’. Moody’s, alongside S&P, is the largest credit rating agency worldwide. According to Moody’s, this rating reflects Oman Insurance…