Chapter | Capital Markets from The Report: Mongolia 2013
Articles & Analysis | Sailing ahead: An expanding maritime sector means more business for insurers from The Report: Oman 2013
A major part of the sultanate’s ongoing economic development efforts hinges on a series of key port projects that are set to see significant new investment in the coming years. These initiatives imply new potential for several of Oman’s robust insurance lines of business – from construction and engineering, to marine and hull. Meanwhile, recent...
Articles & Analysis | Safe ride: New regulations help make the sector and drivers more secure from The Report: Oman 2013
The motor segment dominates general insurance in the Omani market. Alpen Capital’s 2011 “GCC Insurance Report” showed 62% of all insurance business activity in the sultanate going to motor coverage. Faced with the dominance of the motor segment in the sector, the industry regulator, the Capital Markets Authority (CMA), has recently moved to...
Articles & Analysis | Raising the game: Upgrading systems in line with global best practices from The Report: Oman 2013
Both on the technical and governmental sides, Oman’s capital markets have seen some important changes recently. Regulators have moved to install the latest technical and regulatory systems alongside the most up-to-date practices in corporate governance. On the former agenda, the Muscat Clearing and Depository Company (MCDC) has been leading the...
Articles & Analysis | Reorganising and prioritising: Reforms help the industry grow and mature from The Report: Oman 2013
With participants showing strong growth in a highly competitive market, the sultanate’s insurance sector is now experiencing a period of both vertical and horizontal expansion. Stronger regulatory requirements on solvency and governance are also on the way, while a major new element, Islamic insurance – ...