Muscat Daily, 6 July 2026: Oman’s Financial Services Authority (FSA) has introduced a unified vehicle insurance framework that simplifies compensation procedures and strengthens protection for both policyholders and damaged parties.
The new system allows victims of traffic accidents to file claims directly with their own insurance provider, which then coordinates recovery with the insurer of the responsible party. This streamlined process reduces settlement times and improves service quality for motorists.
A key advantage of the framework is that the damaged party is not required to pay any deductible, except in cases where optional benefits have been activated. The initiative reflects the FSA’s commitment to building a more efficient and accessible insurance environment, ensuring fair treatment and faster resolution of claims.
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