
The Sultanate of Oman, which currently has one of the lowest insurance penetrations as a percentage of gross national income in the GCC, offers the secure insurer excellent opportunities for growth as the economy continues to expand.
Falcon intends to lead by example in professionalism, in security, in claims service, in product development and to develop as one of the Sultanate’s leading national insurers. Falcon already offers a wide range of types of cover in General, Life, Medical Expenses and Savings Plan. Falcon will continue to extend its range of products.
Insuring with Falcon is an investment not a tax. Our strategy is to rise above the rest in service and customer satisfaction.
Falcon Insurance Company will continue to develop as a professionally managed company concentrating of selected quality risks.
Whilst motor will always be a significant part of the overall portfolio, Falcon Insurance Company will concentrate on non-motor risks.
Falcon Insurance Company will acquire business via brokers, tenders or a direct basis by the following measures:-
- To identify attractive risks by a combination of active marketing, local knowledge and risk surveys.
- To aggressively attack such risks by a combination of competitive rates and conditions.
- To create proactive marketing teams constantly servicing existing clients on underwriting and claims.
- To develop a panel of offshore facultative reinsurers prepared to exclusively support Falcon.
- To devise an ongoing themed advertising campaign to improve name / brand awareness.
- To concentrate on risks capable of being ceded to our treaties instead of mainly for the benefit of offshore insurers / brokers.
- To improve co-operation with regulatory authorities.