Wednesday, November 29
01:34 PM

Traffic accident claims exceed RO11.7mn in H1 2023


Muscat – Data released by Capital Market Authority (CMA) depicts a worrisome picture of road safety in Oman. During the first half of this year, there were over 37,000 traffic accidents. Of these, 7,763 were deemed serious.

Although this year’s data shows a 1.7% decrease from the same period in 2022, the numbers remain high.

There has been a 15% decrease in the total compensation paid – RO11.7mn – compared to RO13.9mn disbursed in the first half of 2022. Claims submitted also dropped to 41,000 from 44,000 in the previous year.

Claims for minor traffic accidents totalled around 30,000, with compensations amounting to RO5.7mn, marking a 19% reduction. Serious accidents accounted for compensation worth RO3.7mn from 5,000 claims.

Additionally, serious accidents necessitating medical intervention saw a drop of 5% with 5,600 claims. These claims resulted in compensation exceeding RO2mn. The compensation for fatal accidents amounted to about RO275,000 from 191 claims, reflecting an 18% increase from the first half of 2022.

CMA’s data underscores the pressing need for continued efforts to enhance road safety measures and creating awareness among citizens.

© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac