Cigna Healthcare Middle East has secured a Category A health insurance license from the Financial Services Authority (FSA) in Oman.
It authorises the insurer to underwrite, manage and issue health insurance under the Sultanate’s newly established health insurance framework.
Cigna Healthcare began its presence in Oman in 2017 with the acquisition of Zurich’s regional health insurance portfolio and has subsequently established a fully licensed branch in the capital of Muscat.
It has also launched specific health plans for the Omani market.
In a statement the insurer said it was the first international insurer to be granted the licence which was an endorsement of its commitment to Oman.
Raed Labaki, general manager of Cigna Healthcare, Middle East (excluding UAE and KSA), said: “As Oman accelerated healthcare reform to improve market stability and access to quality care, Cigna is proud to be part of this progress.”
Labaki added: “We’re ready to support the Sultanate’s vision for a more sustainable, trusted and accessible healthcare system that meets the needs of individuals, businesses and the broader economy.”
Abdullah Amir Al Hatmi, country manager of Cigna Healthcare Middle East (Oman Branch) also thanked the Financial Services Authority of Oman for granting the license.
