Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact with any questions.


Oman: Minimum capital for insurers increased to $26 million

Comments Email Reprints

Insurers in Oman have been directed to increase their minimum capital to 10 million Omani rials ($26 million) from OMR 5 million, Times of Oman reported.

Existing insurers have been granted a three-year grace period to raise their minimum capital, according to Ahmed Ali Al Maamari, acting director general of insurance supervision at the Capital Market Authority. Currently, only new insurers are required to maintain a minimum capital of OMR 10 million.

Read more

More from BI