DUBAI, UAE, June 10, 2014 /PRNewswire/ --
Oman Insurance Company (OIC) won the Insurer of the Year Award at the Bankers Middle East Industry Awards, held at the Emirates Towers Hotel, Dubai.
Every year, through a combination of reader votes and in-depth analysis of financial statements, Banker Middle East assesses all financial institutions in the region, and celebrates the best of the sector. Respective winners have outperformed their peers across a variety of key performance indicators to witness unrivalled growth and success in the last year. OIC is the winner for Insurance!
This award recognizes OIC's market leadership, and strong partnerships. Patrick Choffel, Chief Executive Officer, said: "We are honoured to be singled out as the Insurer of the Year. The constant efforts of our dedicated team in following clear strategies, developing intelligent products, and solid long-term partnerships, have allowed OIC to consolidate its leadership position. This is a proud moment for us and I would like to associate clients and business partners to this award, as we could not have won without their valuable support."
With gross written premium exceeding AED 2.9 Billion, assets reaching AED 5 billion and a robust profitability of AED 246 million in 2013, OIC has now set its sights to ensure a stellar performance in 2014.
About Oman Insurance Company
Oman Insurance Company (P.S.C.) (OIC) was established in 1975 and is one of the leading insurance providers in the Middle East. OIC has operations across all Emirates in the United Arab Emirates, as well as in Oman, Qatar and a subsidiary in Iraq and Turkey.
OIC provides a wide range of insurance solutions for individuals and commercial enterprises in Life, Medical, Motor and General insurance. OIC serves more than 500,000 customers across the region, with a gross written premium of AED 2.9 billion. OIC enjoys an 'A' Excellent rating from AM Best and 'A-'Positive Outlook from Standard & Poor's.
Additional information about Oman Insurance Company can be found at http://www.tameen.ae.
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Oman Insurance Company
SOURCE Oman Insurance Company