Insurance and Risk Sector

• The Financial Services Authority is the competent authority that regulates the insurance sector in the Sultanate of Oman, and in setting the international standards and practices under which the Omani insurance industry operates. 
• These standards and practices include the Omani Commercial Companies Law No. 18/2019 and the Executive.
• Regulations issued thereunder, and the Insurance Companies Law No. 12/79 and the Executive Regulations issued
  thereunder. The insurance market in the Sultanate of Oman has witnessed rapid growth due to rapid development, and therefore insurance and reinsurance companies are in dire need of legal advisors who are able to identify complex issues, provide advice in plain language and propose practical solutions.
• Our team has extensive experience in regulatory, institutional and contentious issues that arise in relation to the management of insurance and risk businesses.
• Business risks are not only covered by insurance, we also have the expertise to advise on how best to manage the risks specific to your business.
• Our insurance practice includes a full range of services covering operational and regulatory advice as well as representing partners in a variety of insurance matters and disputes.
• We target success partners from the insurance and reinsurance sectors in the areas of life and health, property and casualty, mortgage and financial guarantee, insurance brokers, commercial banks, investment banking firms, investment advisors, and equity firms. Our services include: construction risks, directors and officers’ liability, disability and life, marine sector, professional liability, property and industrial risks, general and product liability claims, reinsurance, trade and transportation, retail insurance.