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Unified insurance cover for 50,000-strong Omani fisher community

@conradprabhu - MUSCAT: The fisher community at the heart of one of the Sultanate of Oman’s biggest economic sectors will soon benefit from insurance coverage to secure them, their equipment and assets, from an array of perils when operating out at sea.A customised insurance policy, approved recently for implementation by the Capital Market Authority.

Z ufarOman development bankSultanate of omanAl jamalaniOman fishermen associationOmani fishermen associationCentral bankCapital market authorityCommunication information technologyHead of the working teamRoyal oman police coast guardCommunications information technologyInsurance committee at oman chamberMinistry of agricultureLiving aquatic resourcesRoyal decree

Oman braces for Shaheen-inflicted damage, losses

Muscat: As much of the northern half of the Sultanate remains hunkered down for what has been forecast as a tropical cyclone of ‘Gonu-like’ ferocity – a reference to the Super-cyclone Gonu that slammed Oman with devastating effect in 2007 – corporates, contractors and insurers are now braced for potentially severe business disruptions and losses.

Al batinahAl khabourahRiyam parkSupercyclone gonuAl jamalaniMuttrah souqMark geilenkirchenMajan electricity companyInsurance committeeOman chamberNama groupMuscat electricity distribution companySuper cyclone gonuTropical cyclone shaheenSouth batinahMuscat governorate

Flooding spurs new calls for National Disaster Fund & Insurance Pool in Oman

Flooding spurs new calls for National Disaster Fund & Insurance Pool in Oman
globalreinsurance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalreinsurance.com Daily Mail and Mail on Sunday newspapers.

Al sharqiyahAl mintaqah ash sharqiyahAl batinahAl jamalaniInsurance committeeNational fundNational disaster fundOman chamberNational catastrophe fund insurance poolNational catastrophe fundInsurance poolSouth al sharqiyahNorth al batinahMohammed jawad ibrahim al jamalaniTropical cyclone gonuகாப்பீடு குழு

Flooding spurs new calls for National Disaster Fund & Insurance Pool in Oman

Flooding spurs new calls for National Disaster Fund & Insurance Pool in Oman
omanobserver.om - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omanobserver.om Daily Mail and Mail on Sunday newspapers.

Looming tropical cyclone season spurs calls for National Disaster Fund

Looming tropical cyclone season spurs calls for National Disaster Fund By CONRAD PRABHU 17-Looming-tropical-cyclone-season-spurs-calls-for-National-Disaster Relief-Fund -edit-(1) SHARE Calls for the institution of a National Catastrophe Insurance Fund to help mitigate the impacts of natural and man-made disasters have gained traction following the extensive damage to residential homes, farmland and small businesses caused by recent thunderstorms in various parts of the Sultanate. These appeals have also gained weight as the annual tropical cyclone season looms, bringing with it the threat of economic disruption, human loss, and property and infrastructure damage. Leading these calls, this time around, is a senior official of Oman Chamber of Commerce and Industry (OCCI), who has long advocated for robust insurance legislation to ensure effective coverage across key aspects of socioeconomic life in the Sultanate.

Al batinahMinistry of financeMinistry of social developmentAl jamalaniInsurance committeeNational disaster fundCentral bankNational catastrophe insurance fundOman reinsurance companyCapital market authorityNational catastrophe insurance poolOman chamberMinistry of agricultureMohammed jawad ibrahim al jamalaniCatastrophe insuranceReinsurance pool