Oman Insurance Company (P.S.C.)

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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