Sunday 03 / August / 2025
Muscat: The Financial Services Authority (FSA), has confirmed that it has not issued any approvals for any insurance company to raise vehicle insurance prices.
The statement said, "Further to the statement issued by the Authority on Wednesday, July 30, 2025, regarding some insurance companies raising mandatory vehicle insurance premiums (third-party insurance), the Financial Services Authority, as the official regulatory and supervisory body of the insurance sector in the Sultanate of Oman, confirms that it has not issued any approvals for any insurance company to raise vehicle insurance premiums and that it will take firm legal action against any insurance company that does not comply with the prices announced and approved by the Authority."
"For any inquiries or complaints regarding applicable vehicle insurance rates, please contact the Authority directly through official channels."
