Oman Insurance Report Q4 2015

Date: September 9, 2015
Pages: 73
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Oman Insurance Report Q4 2015
Includes 3 FREE quarterly updates

BMI View: Oman's insurance sector will record single-digit growth across the forecast period. Strong macroeconomic performance as well as a growing expatriate community will help fuel demand, particularly for the ever dominant basic compulsory lines such as motor and health. Structural issues such as a fragmented market and low retention ratios will, however, continue to undermine the sector's upside potential.

We anticipate that Oman's insurance sector as a whole will achieve steady single-digit growth, though significantly below the highs of recent years. This will be largely driven by the non-life segment, and in particular basic lines such as health and motor, which accounts for the majority of total premiums. Looking ahead, the market will continue to operate at sub-optimal levels due to ingrained structural impediments. These barriers are largely caused by intense price competition in basic lines.
BMI Industry View
Operational Risk
Industry Forecast
Life Premiums Forecast
  Table: Gross Life Premiums Written (Oman 2012-2019)
  Table: Net Life Premiums Written (Oman 2012-2019)
Life Claims
  Table: Life Insurance Claims (Oman 2012-2013)
Life Drivers
  Table: Life Expectancy by Gender (Oman 2012-2019)
  Table: Demographic Breakdown (Oman 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
  Table: Gross Non-Life Premiums Written (Oman 2012-2019)
  Table: Net Non-Life Premiums Written (Oman 2012-2019)
Non-Life Claims
  Table: Non-Life Insurance Claims (Oman 2012-2013)
  Table: Non-Life Insurance Claims by Line (Oman 2012-2013)
Non-Life Sub-Sector Forecast
  Table: Non-Life % Breakdown (Oman 2012-2019)
Motor Vehicle Insurance
  Table: Motor Vehicle Insurance (Oman 2012-2019)
  Table: Insurance Key Drivers, Autos (Oman 2012-2019)
Transport Insurance
  Table: Transport Insurance (Oman 2012-2019)
  Table: Insurance Key Drivers, Freight Tonnage (Oman 2012-2019)
Health Insurance
  Table: Health Insurance (Oman 2012-2019)
  Table: Insurance Key Drivers, Private Health Expenditure (Oman 2012-2019)
  Table: Property Insurance (Oman 2012-2019)
General Liability Insurance
  Table: General Liability Insurance (Oman 2012-2019)
Industry Risk Reward Index
MENA Insurance Risk/Reward Index
  Table: MENA Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Non Life Market Overview
The Product Offering
  Table: Oman Non-Life Insurer Market Share, OMR mn (2011-2013)
The Competitive Landscape
Company Profile
American International Group (AIG)
Dhofar Insurance
Life Insurance Corporation of India
National Life & General Insurance Company
Oman United Insurance Company
Demographic Forecast
  Table: Population Headline Indicators (Oman 1990-2025)
  Table: Key Population Ratios (Oman 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Oman 1990-2025)
  Table: Population By Age Group (Oman 1990-2025)
  Table: Population By Age Group % (Oman 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Indicators
  Table: Weighting of Indicators
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