Insurers in Oman ordered to allocate minimum share for EV coverage Business

Insurers in Oman ordered to allocate minimum share for EV coverage

Muscat: The Financial Services Authority (FSA) has issued a new circular requiring all insurance companies licensed to provide motor insurance in Oman to maintain a minimum level of underwriting for electric vehicles (EVs), as part of efforts to support the country’s transition towards clean energy and evolving automotive trends. Under the circular, insurers must ensure […]