Oman: FSA to officially unveil the National Health Insurance Platform 'Dhamani'
Muscat: The Financial Services Authority will hold a press conference in Muscat on Sunday to officially unveil the National Health Insurance Platform "Dhamani." This initiative is part of the national efforts to advance digital transformation in health insurance systems.
The launch comes at a time of growing demand for integrated digital solutions that align with the rapid developments in health insurance services. The platform has been developed as part of the authority's vision to establish a reliable digital insurance system that improves efficiency and facilitates seamless integration among stakeholders in the health insurance market.
"Dhamani" represents an advanced electronic national platform aimed at connecting private healthcare institutions with insurance companies, claims management firms, legislative and regulatory entities, and beneficiaries including citizens and residents.
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
17 hours ago
- Al Etihad
ADGM FSRA implements amendments to its digital asset regulatory framework
10 June 2025 14:56 ABU DHABI (WAM)The Financial Services Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Tuesday announced the implementation of amendments to its regulatory framework for digital assets, with immediate implementation of these amendments follows extensive industry engagement and feedback received on Consultation Paper No. 11 of focus of the implemented amendments is on revisions to the process whereby Virtual Assets (VAs) are accepted for use as Accepted Virtual Assets (AVAs) in ADGM, alongside appropriate capital requirements and fees for Authorised Persons conducting Regulated Activities in relation to VAs (VA Firms).The amendments also introduce a specific product intervention power in relation to VAs, as well as enshrining rules that confirm our existing approach to the prohibition of using privacy tokens and algorithmic stablecoins within the amendments expand the scope of investments in which Venture Capital Funds may FSRA has updated the Guidance – Regulation of Virtual Asset Activities in ADGM to reflect the implemented measures and to provide further guidance to VA Firms in relation to applying the AVA assessment Executive Officer of ADGM's FSRA, Emmanuel Givanakis, said, "The implementation of these changes marks a significant milestone in the evolution of the FSRA's framework for digital asset regulation. Through extensive consultation with industry stakeholders, we have further enhanced our framework to provide the regulatory certainty that industry participants need, while addressing the evolving risks of the digital asset ecosystem.""We believe this further positions ADGM as a premier jurisdiction for digital asset-related activities and shows our commitment to fostering responsible innovation in financial services." The FSRA acknowledges the constructive and well-received feedback received in response to the Consultation Paper, including in relation to the discussion points raised.
Zawya
a day ago
- Zawya
Insurers' total investment in Oman drops to $1,748mln
Muscat: Total investments by insurance companies in Oman amounted to approximately RO673.1mn by the end of 2024, compared to around RO838.6mn at the end of 2023, recording a sharp decline of nearly 20%. Data issued by the Financial Services Authority (FSA) indicated that investments by national insurance companies during 2024 stood at approximately RO427.24mn, while investments by foreign insurance companies totalled RO245.86mn, according to an Oman News Agency report. The financial data showed that national insurance companies' investments were primarily concentrated in bank deposits across general insurance, life insurance, and savings insurance categories in both 2023 and 2024. Investment in bank deposits accounted for 51.4% in 2024, up from 40.5% in 2023. In contrast, the total investment by national insurance companies in all other investment vehicles combined did not exceed 48.6% in 2024 and 59.5% in 2023. As for foreign insurance companies, their investments also focused on bank deposits (general, life, and savings), representing 65% in 2024, compared to 65.2% in 2023. Investments in government bonds reached 26% in 2024, up from 24.8% in 2023. The combined percentage of foreign companies' investments in other asset classes did not exceed 9% in 2024 and 10% in 2023. Statistics issued by the Financial Services Authority revealed that the total return on insurance companies' investments in 2024 fell by 30.1% to just over RO34mn, including RO21.975mn in returns fir national companies and RO12.071mn for foreign companies. Regarding investment returns by category, returns from real estate increased by 35%, while returns on bank deposits for general and health insurance rose by 17.8%. In contrast, returns on life and savings insurance deposits declined by 22.6%, and returns on government bonds fell by 9.1% between 2023 and 2024. Investment returns on stocks listed on the Muscat Stock Exchange decreased by approximately 84.2%. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Zawya
Oman: Al Madina Takaful secures category ‘A' health insurance license under Oman's new regulatory framework
Muscat – Al Madina Takaful, Oman's pioneering Shariah-compliant insurance provider, proudly announces its attainment of the Category 'A' Health Insurance License under the Sultanate's newly established regulatory framework. This significant milestone, granted by the Financial Services Authority (FSA), empowers Al Madina Takaful to independently underwrite and manage health insurance policies, positioning the company at the forefront of Oman's evolving healthcare insurance landscape. The introduction of the Category 'A' licensing framework by the FSA aims to enhance regulatory oversight, improve service quality, and increase premium retention within the Sultanate. Al Madina Takaful's early adoption of this license underscores its commitment to aligning with national objectives and delivering superior, Shariah-compliant health insurance solutions to its clients. 'Securing the Category 'A' license is a testament to our unwavering dedication to excellence and our proactive approach in embracing regulatory advancements,' said Usama Al Barwani, CEO of Al Madina Takaful. 'This achievement enables us to offer comprehensive health insurance services that cater to the diverse needs of our policyholders, all within the framework of Islamic principles.' As one of the licensed medical insurers in Oman, Al Madina Takaful is poised to play a pivotal role in the Sultanate's health insurance sector. The company's robust infrastructure, experienced team, and customer-centric approach ensure that it is well-equipped to meet the growing demand for quality health insurance services. Al Madina Takaful remains committed to innovation, transparency, and excellence in service delivery, reinforcing its position as a trusted partner in Oman's insurance industry. Established in 2006, Al Madina Takaful is the first Takaful company in Oman, offering a range of Shariah-compliant insurance products and services. With a focus on customer satisfaction and ethical practices, the company continues to lead the way in providing innovative insurance solutions that meet the evolving needs of its clients. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
