• Oman

    • Oman set to host 34th GAIF General Conference

    By on January 27, 2024
    CMA
    CMA

    Oman to host GAIF General Conference 2024 on 18-21 February 2024

    Muscat: The Sultanate of Oman is preparing to host the regional event in the Arab and global insurance industry, “The 34th General Arab Insurance Federation (GAIF) Conference ”, organized by the Omani Insurance Association and the General Secretariat of the Federation of Insurance Companies in cooperation with the Capital Market Authority, during the period from 18 Until next February 21.

    Mr. Nasser bin Salem Al Busaidi, Chairman of the Board of Directors of the Oman Insurance Association, stressed the importance of organizing this conference, in which more than two thousand participants are expected to participate. It is a forum that brings together insurance policy makers in the Arab region and neighboring countries in addition to representatives of international insurance companies and reinsurers.

    He said: This conference will present the most important issues and developments related to the insurance industry and the mechanism for keeping pace with developments and international standards. This is an opportunity to learn about the experiences of the participating countries and exchange experiences about natural disaster insurance and digital insurance.

    The Omani insurance market, which is supervised by the Capital Market Authority, includes 18 insurance companies, including one company concerned with reinsurance. The market size is close to half a billion Omani riyals, and the sector’s assets amount to one billion and 197 million Omani riyals.

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