trending Market Intelligence /marketintelligence/en/news-insights/trending/yxec1_jhpzowx33dg4ko8w2 content esgSubNav
In This List

Insurers pay out 108M Omani rials for Cyclone Mekunu damage

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work

Blog

Expand Your Perspective: Data & Distribution Q&A


Insurers pay out 108M Omani rials for Cyclone Mekunu damage

Insurers have paid 108 million Omani rials for damage from Cyclone Mekunu, which hit Oman in May, according to data from the country's Capital Market Authority.

Insurers received a total of 765 claims, with property insurance claims making up the largest share of gross indemnities with 412 claims for 66 million rials, followed by 91 engineering claims for 33.4 million rials. Motor vehicle claims reached 206, for a payout of 679,000 rials.

As of Aug. 9, US$1 was equivalent to 0.39 Omani rial.