Muscat Insurance Company SAOG Overview
Pro stress-test →Muscat Insurance Company SAOG provides general and life insurance products in the Sultanate of Oman. With a workforce of over 170 employees and 22 branches nation-wide, MIC is one of the largest national players in the Sultanate of Oman. The company operates as a composite insurer serving corporate, SME, and individual customers across multiple product lines.
Strategic Profile
Pro stress-test →In 2017, the company merged its subsidiary companies MIC & MLAC into their parent company and changed its name to Muscat Insurance Company SAOG to comply with amended local insurance regulation. The company is committed to ensuring the highest levels of Omanisation within the business, which exceeds 78 percent. The company is focused on becoming a regional leader through customer-centric service and community impact.
Competitive Landscape
Pro stress-test →Muscat Insurance operates in Oman's insurance market alongside several regional and international competitors. As one of the largest national players, the company competes on product breadth, local market knowledge, and customer relationships rather than scale. The insurance sector in Oman features both traditional national carriers and newer market entrants.
Industry Context
Muscat Insurance Company SAOG operates in Multi-line Insurance / Composite Insurance.
Key facts
Founded: 1995 · Headquarters: Ruwi, Oman · Employees: 170 · Revenue: $15.3M · Market cap: $14.6M