Oman Insurance Company (P.S.C.)

Oman Insurance Company (P.S.C.)

About the company

Country of Origin: United Arab Emirates (U.A.E)Established in 1975, Oman Insurance Company P.S.C. ("Sukoon") is one of the leading insurance providers in the UAE. They provide a wide range of comprehensive insurance solutions to more than 830,000 individuals and commercial clients in life, healthcare and general (property, energy, engineering, aviation, marine and liability) insurance. The Company has operations across all Emirates in the UAE as well as in Oman.The Company is a subsidiary of Mashreq Bank (PSC) incorporated in the Emirate of Dubai.The Company is committed to providing outstanding insurance solutions that help create and protect wealth and wellbeing. The Dubai-based company achieves this mission by serving businesses and individuals with a team of 650 professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, an e-commerce platform and a dedicated call centre.At its core, the Company is a customer-centric organization, with a single-minded focus on service. Its priority has always been to build long term client relationships, with complete customer satisfaction as most important, non-negotiable objective. Sukoon wants to become a reference in the region for excellent customer service.

Oman Insurance Company (P.S.C.)
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Oman Insurance Company (P.S.C.) Reports 18% Revenue Growth and Acquisition Deal

The UAE-based Oman Insurance Company (P.S.C.), also known as Sukoon, has reported significant growth in its insurance revenue and net profit for the nine-month period ending 30 September 2023. The company has also announced a deal to acquire Chubb Tempest Life Reinsurance Ltd's UAE life portfolio. Despite a few challenges, the company's outlook remains cautiously optimistic for the end of the financial year.

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