Insurance

Overview

Oman's insurance sector operates under the Insurance Companies Law (Royal Decree 12/1979, as amended) and is supervised by the Capital Market Authority (CMA). The market includes both conventional insurance companies and Takaful operators, serving personal, commercial, and industrial lines. Compulsory insurance requirements for motor vehicles, employees, and professional liability create a baseline of market activity, while the growing economy drives demand for more sophisticated insurance products. Our firm has developed a strong reputation for insurance law expertise, advising both institutional clients and individuals on the full range of insurance legal matters.

Key Legal Services

• Insurance company licensing and CMA regulatory compliance
• Insurance product development and policy drafting
• Takaful structuring and Sharia compliance advisory
• Insurance claims disputes and subrogation matters
• Reinsurance contract negotiation and treaty advisory
• Professional indemnity and liability insurance advisory
• Motor insurance claims and third-party liability litigation
• Insurance broker and agent licensing and compliance

Our Expertise

Our insurance practice is one of the most established in Oman. We have represented major insurance companies in complex claims disputes, advised on regulatory compliance programs, and assisted with product development for both conventional and Takaful lines. Our litigation team has extensive experience before Omani courts on insurance matters, including motor vehicle claims, property damage disputes, and professional liability cases. We understand both the legal framework and the commercial realities of the Omani insurance market.