Oman Insurance wins Middle East insurer of the year award

Oman Insurance wins Middle East insurer of the year award
Patrick Choffel, CEO, Oman Insurance Company with the ME Insurer of the year award.
Published: 11 June 2014 - 4:46 a.m.

Oman Insurance Company (OIC) has 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. 

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.


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