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Oman: Over-capacity, competition keeps insurance premium pricing low

February 17, 2014 - 6:00am


Over-capacity and competition in Oman have kept insurance premium pricing low, Times of Oman reported.

The country has 23 registered insurers, with the top four accounting for more than 50% of premiums.

The insurance industry's gross written premium for 2012 stood at around $750 million, a report by business consultancy Frost & Sullivan said.

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