Browsing Tag

Insurance

Labour insurance policies omit heatstroke from coverage

Ali Mohammed Jun 5, 2016 0

Despite the high incidence of heatstroke cases occurring in the Sultanate particularly during the hot summer months, standard Workmen’s Compensation Insurance policies do not provide coverage against…
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Law

Insurance agents to be Omanis

Ali Mohammed Apr 19, 2016 0

A decision to Omanise insurance agents was taken by the Capital Market Authority (CMA) as part of its investment initiatives in establishing small and medium enterprises. To facilitate the transition,…
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Oman

Rain costs insurance companies OMR6m

Ali Mohammed Apr 13, 2016 0

Insurance companies will have to payout nearly OMR5.89 million in compensation as a result of the heavy rainfall in Oman from March 8 to 11 this year. Data from the Capital Market Authority (CMA)…
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Oman

Over 210,000 private sector workers covered by social insurance

Ali Mohammed Mar 27, 2016 0

The Public Authority for Social Insurance (PASI), in its latest statistics, has said that 15,791 active establishments are currently covered by the social insurance system. The number of active…
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Oman

Reckless driving in rain or attempting to cross flooded wadis can get insurance claims rejected

Ali Mohammed Mar 10, 2016 0

Aside from risking injury or death, attempting to drive through flooded areas can result in a rejected claim from insurance companies as policies vary and can sometimes be ambiguous. Speaking to…
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Featured

Thousands in Oman to get their work benefits cut

Ali Mohammed Feb 23, 2016 0

The Ministry of Finance is slashing a number of benefits at all institutions which receive 50 per cent or more state funding. Thousands of expat and Omani employees working at state-owned…
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Cars

Road safety, automobile industry experts welcome amendments in insurance law

Ali Mohammed Feb 19, 2016 0

The amended law also has a new provision for increasing the additional benefit limit for “transporting and safe guarding the damaged vehicle.” New amendments in the motor insurance law will lead to…
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Oman

Oman issues amended Unified Motor Insurance Policy

Ali Mohammed Feb 14, 2016

Sheikh Abdullah Salim Al Salmi, Executive President of CMA, speaking about the new version of the Unified Motor Insurance Policy, said the new amendments were effected seven years after the issuance…
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Oman

Amended version of motor insurance policy in offing

Ali Mohammed Feb 7, 2016

With more options and transparency, a new unified motor insurance policy is in the final stage of implementation in Oman. While revealing this to Observer, a senior official of the Capital Market…
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