Oman’s insurance sector regulator the Capital Market Authority (CMA) has urged insurance companies to suspend manual transactions and provide electronic insurance services to their customers to curb the spread of coronavirus.
The CMA has issued a circular to all insurance companies, brokers and agents urging them to take a number of precautionary measures as part of the instructions of the Supreme Committee tasked with handling the developments resulting from the outbreak of COVID-19.
The CMA called on the companies to adopt e-services in rendering insurance services and avoid direct transactions requiring visits to the offices of the companies.
The insurance companies have been urged to take following measures:
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