Property insurance provides protection against risks to property, such as fire, theft or weather damage. This may include specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance.
Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses.
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
Accident & Unemployment
Disability insurance policies provide financial support in the event of the policyholder becoming unable to work because of disabling illness or injury. It provides monthly support to help pay such obligations as mortgage loans and credit cards.
Auto Insurance primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.
Welcome to OIA
Oman Insurance Association was established by Regn No 142 dated 18 December 2010 issued by Ministry of Social Development. OIA is a trade body consisting of Insurance Companies, Insurance Brokers and Loss Adjusters and others licensed by Capital Market Authority, Oman to indulge in Insurance Activity. 40 members of the Insurance Fraternity met on 20 September 2006 at Businessmen Hall.
The Association shall seek to achieve the following objectives:
Interfacing with the Central Bank of Oman and other appropriate authorities and bodies in other industries torepresent members’ interests.
Promoting the insurance industry and fostering public awareness in Oman.
Promoting sound, ethical and professional standards within the insurance industry.
Facilitating exchange of information and statistics and the resolution of issues on specific and non-competitive developments impacting the insurance industry.
Oman Insurance Association (OIA) was established by Regn No 142 dated 18 December 2010 issued by Ministry of Social Development. OIA is a trade body consisting of Insurance Companies, Insurance Brokers and Loss Adjusters and others licensed by Capital Market Authority, Oman to indulge in Insurance Activity.