November 24, 2024
LN BUTTON

‘Accident payout reduced profits’

Road accidents in Oman cost local insurance firms OMR100 million (AED950.09 million) in 2016, according to official figures released by the Capital Market Authority. Many insurance companies have reported a decrease in profits over the last four years due to the “high cost of accident pay-outs.” The insurance payout covers damage to property such as […]
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