MUSCAT— Falcon Insurance Company SAOC has opened its life insurance division in partnership with major international reinsurers as it continues to widen the range of products available to its customers.

“We see this as an excellent opportunity for Falcon in a rapidly developing sector of the insurance market,” said Jan Wright, Falcon’s General Manager.

“We will be offering individual, group, credit, employee benefits, Bancassurance, and mortgage protection schemes as well as medical expenses cover.”

Ajith Kumar G., a well known life insurance professional of many years standing in the local insurance market, has been appointed as Assistant General Manager of the life insurance division and has recruited a team of experienced staff to support him in Falcon’s continued development as a major insurer in Oman .

“Our strategy is to be the best insurer in financial capacity, excellence in operating performance, attractive branded products, business profile and superior service standards,” states Wright.

“Insurance as a percentage of the economy is low in Oman at two per cent, one of the lowest in developing economies.

As awareness of the benefits of insurance grow this will rise and Falcon, as a national insurer, aims to acquire a significant share of the market.”