Insurance strategies for auto and health coverage
The insurance market in the Sultanate of Oman experienced a growth in written premiums of 7.9% during the first half of 2026, reaching 341 million Omani Rial. The health insurance sector continued to grow by 11%, life insurance by 7.5%, and general insurance by 6.6%. Despite this growth, the profits of listed companies declined by 5.4%, primarily due to increased claims in motor insurance, especially as a result of weather conditions and higher claims, alongside ongoing pressures on the profitability of the health insurance sector caused by rising medical costs and price competition. Companies are moving towards tightening underwriting controls and re-pricing, focusing on profitable business rather than expanding market share, in order to balance growth with profitability.
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