India Assurance Oman Reviews Broker-Driven Growth Strategy: Key Insights for Investors and Business Owners
MUSCAT: The New India Assurance Company Limited – Oman Operations held a brokers’ meeting in Muscat on February 16 to review the current market landscape and set priorities for 2026, against the backdrop of increasing competition in Oman’s insurance sector.
Company representatives reported that the insurer closed 2025 with gross written premiums exceeding RO 20 million. Brokers contributed approximately 45 percent of the portfolio, highlighting their vital role in the company’s distribution network.
The meeting focused on several key areas including underwriting discipline, expanding coverage in fire and engineering, corporate medical, and SME segments, as well as enhancing operational efficiency through digital initiatives. Brokers voiced concerns regarding service delivery, claims processing, and emerging market risks.
Bringing together teams from underwriting, claims, medical, and operations, the session facilitated direct dialogue on market trends and expectations for the coming year. Company leadership emphasized that sustaining growth and nurturing strong broker relationships will be central to their strategic approach in 2026.
Special Analysis by Omanet | Navigate Oman’s Market
The rising competitiveness in Oman’s insurance sector, highlighted by New India Assurance’s focus on underwriting discipline and expansion into fire, engineering, corporate medical, and SME segments, signals significant growth opportunities for specialized insurers and brokers. Businesses should prioritize digital efficiency and strong broker partnerships to capitalize on evolving market demands and manage claims effectively. Smart investors and entrepreneurs should closely monitor this shift, as innovative service delivery and niche segment expertise will be key differentiators in 2026.
