Muscat - GIG Gulf, one of the largest insurance providers in the MENA region with operations in Oman, Bahrain, Qatar, and the UAE, and a part of the Fairfax Group, is delighted to announce it has received approval from the Capital Markets Authority (CMA) in Oman to provide digitally integrated insurance services for its customers online.
The approval by the CMA represents a significant competitive advantage for GIG Gulf against other major players in the market and is a testament to the company’s dedication to enhancing its online capabilities. This milestone follows a comprehensive report submission in January 2024, showcasing GIG Gulf’s sophisticated digital insurance platforms and its commitment to adhering to the highest regulatory standards.
Paul Adamson, CEO of GIG Gulf, said: “We are proud to have been approved by the Capital Markets Authority in Oman to offer our insurance services online. This authorization is not just a regulatory milestone, it's a significant leap toward fulfilling our promise of providing unparalleled convenience and flexibility to our customers in Oman. As we strengthen our online presence, we remain committed to our omnichannel strategy, ensuring our customers have the freedom to engage with us through their preferred channels. Our focus remains steadfast on enhancing the digital insurance buying and servicing experience, reinforcing our position as a leading insurer in the region.”
Mehdi Salim Said al Harthy, General Manager of GIG Gulf Oman, said, “Receiving the CMA's approval to operate our digital insurance services in Oman is a landmark achievement for us at GIG Gulf. It reflects our deep commitment to offering innovative, accessible, and customer-focused insurance solutions. This approval not only sets us apart in the Omani market but also reinforces our pledge to be at the forefront of the digital transformation in the insurance industry. We are excited to leverage this opportunity to further enhance our service offerings and continue to meet the evolving needs of our customers in Oman with agility and excellence.”
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