Insurance
Despite recent statutory reforms including the doubling of minimum capital requirements for insurers to OMR 10 million and mandatory listing on the Muscat Stock Exchange and increased competition from the emerging takaful segment, Oman’s insurance industry has continued to grow steadily. The sector has outperformed other GCC markets in terms of return on equity, with further growth anticipated once forthcoming regulations mandating health insurance for private-sector employees come into force. Oman has introduced new regulatory frameworks governing bancassurance, e‑insurance, electronic health‑link integration and unified credit‑life policies, advancing digital integration and improving distribution standards across the sector.
AMJ has been at the forefront of insurance sector legal advisory in Oman for several decades, acting for insurers, reinsurers, takaful operators, brokers, underwriters, corporate policyholders and financial institutions. We advise on the full spectrum of insurance sector activity from market entry and regulatory compliance to complex corporate transactions and product development.
Our team supports clients across the full breadth of their legal needs, including the establishment of new operations, corporate restructuring, capital raising, public listings, M&A, financial services regulation and compliance, the development of insurance and Shariah-compliant products.
We also regularly advise on insurance considerations that arise in other practice areas such as banking and finance, construction, projects, maritime, transport, aviation, engineering and real estate.
Our broad sectoral exposure enables us to identify insurance risks and implications across the full spectrum of commercial activity, ensuring that clients receive informed and commercially relevant advice.
Through decades of experience in the Omani market, AMJ’s insurance practice offers clients a deep understanding of the complexities of regulatory reform, market dynamics and operational challenges specific to Oman.
Our cross-practice strength allows us to provide a fully integrated service, combining insurance expertise with the Firm’s market-leading capabilities in corporate, finance, commercial, and regulatory matters.