A new chapter in Oman’s Insurance Industry growth Story; two leading insurance companies coming together to make history.
Arabia Insurance and Falcon Insurance have merged to become Arabia Falcon Insurance Co. (AFIC). Arabia Insurance with over 70 years of regional experience across the Middle East & GCC, and Falcon Insurance, a respected name in the Omani Insurance Landscape. The merger was completed in March 2017 and the company began operating as a single entity in April 2017. The second biggest shareholder in AFIC is Al Anwar Holdings, previously majority shareholder in Falcon and with a long track record of successful investments.
The Company has been engaged in both general insurance and life insurance business and operates form its branches at CBD, Sohar, Seeb, Salalah and Nizwa other than the head office in Muscat.
Now a subsidiary of Arabia Insurance, the oldest Insurance group in the region, AFIC will benefit from its regional and local experience to provide top notch services to the Omani market.
To be the best insurer of the choice in the Sultanate of Oman region with strong financial capacity, excellence in operating performance, offering attractive branded products, diversify with growing business profile and superior service standards.
Provide quality risk management services to our clients by developing technical expertise and unique service capability. Achieve steady rate of growth, and at the same time maintain profitability and financial stability. Arabia Falcon Insurance is committed to maintaining its independence, so as to better accomplish the objectives of the firm.