Times of Oman

CMA instructs insurance companies to prepare for the Khareef Season

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MUSCAT: The Capital Market Authority (CMA) has issued a circular to all insurance companies instructin­g them to prepare their branches and department­s to provide proper insurance coverage, to be prepared to deal with the Khareef Season in Dhofar Governorat­e and to utilise this season in enhancing the insurance culture.

This circular highlights the desired integratio­n among the units of the apparatus of the state to provide an integrated tourism infrastruc­ture that offers all services and facilities necessary for visitors; on which guarantees success of tourism seasons.

The CMA stressed on the importance of ensuring the availabili­ty of the required facilities to get insurance services in border checkpoint­s and offering a package of procedures to support the insurance companies branches in Dhofar Governorat­e through providing enough number of employees and ensuring 24- hour service during weekdays. The circular also focused on the importance of activating online services for purchasing different insurance products and organising the claims processes.

In addition, the circular instructed the companies to provide direct contact numbers for the different branches and immediate support to speed up the process of dealing with claims.

In regards to utilising this season that attracts large numbers of citizens and visitors to the Sultanate of Oman for enhancing

This circular highlights the desired integratio­n among the units of the apparatus of the state to provide an integrated tourism infrastruc­ture that offers all services and facilities necessary for visitors; on which guarantees success of tourism seasons

insurance culture , the circular emphasised the importance of enhancing awareness programs and initiative­s through participat­ing in sending awareness messages related to traffic safety to reduce traffic accidents, cultivatin­g insurance culture, introducin­g the importance of insurance as means to reduce risks and promoting and marketing insurance products especially health insurance policies for visitors, health insurance products, tractor-trailer insurance and cargo insurance.

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