Oman Insurance Company


Oman Insurance Company is an insurance company in the UAE established in 1975 and is majority owned by Mashreq Bank, one of the UAE's leading financial institutions. Abdul Aziz Abdullah Al Ghurair is the chairman and Jean-Louis Laurent Josi is the CEO.

Products

Oman Insurance Company provides a range of insurance solutions for individuals and corporate clients in Life, Medical, and General insurance. The company also offers worldwide Reinsurance capacity across lines of business.

Operations

OIC has operations across most Emirates in the United Arab Emirates, as well as in Oman, Qatar and a subsidiary in Turkey.
OIC has over 750 employees.
OIC uses 12 branches, a call center, an exclusive network of agents, international and local brokers, tenders and bancassurance.

Partnerships

OIC has partnered with international insurers to strengthen its product offering.

Bupa

OIC partnered with Bupa in 2003. OIC acts as the exclusive insurer and local administrator in the UAE for Bupa's international health plans.

Generali

OIC is a member of Assicurazioni Generali’s global network that offers multinational pooling and captive arrangements to multinationals.

Coface

OIC launched a partnership with Coface in 2014 to sell Credit Insurance in the UAE.

Ratings

With a gross written premium of AED 3.19 billion and assets reaching AED 6.2 billion, OIC financial strength is rated ‘A’ Excellent by AM Best and ‘A-‘ by Standard & Poor's.

Awards

Oman Insurance Company won two industry awards at the MENA IR Insurance Awards held in January 2016 in Dubai: The Best Commercial Lines Insurer of the year 2015 and The Most Innovative Insurer - Product