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MIC was formed in 1995 and owes its existence to its founding members, H.E. Dr. Omar Zawawi, Special Advisor to His Majesty for External Liaison and the Diwan of Royal Court - Pension Fund.
Muscat Insurance Company SAOG (MIC) was restructured in 1999 into three companies: Muscat National Holding Company SAOG (Parent Company), Muscat Insurance Company SAOC and Muscat Life Assurance Company SAOC.
Established more than 10 years ago we are pleased to announce that following a recent review by Middle East rating agency Muhanna & Co. who rate all Middle East Insurers that MIC has been given a rating of A- which is indicative of our financial and management strength. We also enjoy top ranked security from A rated reinsurance companies.
Main Activities
We can offer our clients a full Risk Management service to identify the risks associated with their business, to quantify the likelihood and severity of those risks and to help them mitigate those risks. Insurance is just one way of doing this.
Our Commercial Insurance products cover:
- Property (Fire and Business Interruption)
- Marine (Hull, Cargo and Goods in Transit)
- General Accident (Theft, Money, Fidelity, Workmen's Compensation)
- Liability (Employers Public and Products, Professional, Directors & Officers)
- Engineering (Project Works, Machinery, Business Interruption, Computer)
Our Personal Insurance Products are available to all your management and staff :
- Motor
- Personal Accident
- Home Insurance (Buildings and/or Contents)
- Travel
- Domestic Servants (Accidents, Sickness, Repatriation)
Our Corporate Values are:
- Excellent and helpful service to all customers
- A thoroughly professional image in all our transactions
- Prompt, efficient and fair claims handling
- Protection and enhancement of our shareholders investment by a commitment to prudent underwriting and a sound investment policy
- Empowerment of all staff to reach their full potential
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