Omanisation in insurance sector gets a big boost

Omanisation in insurance sector gets a big boost

MUSCAT: The Capital Market Authority (CMA) endeavour to provide qualified Omanis in the insurance sector has reaped a rich reward with a growing number of Omanisation in specialised jobs. Employing the ‘Tamkeen’ policy, the CMA hopes to make Omanisation ratio in the insurance sector consistent with the government’s plans related to the national cadres. With the ‘Tamkeen’ initiative, the insurance sector has seen the hiring of qualified Omani human resources. The Omanisation percentage at the administrative and technical job levels until the middle of this year reached 83.36 percent. It represented 59.73 percent at senior levels, while in the middle administrative jobs it reached 78.13 percent, while it reached 90.18 percent in the operational jobs. Until the middle of this year, the ‘Tamkeen’ initiative was able to implement approximately 88 specialised training programmes in various technical and administrative fields in the insurance sector, in cooperation with various insurance training institutes and centres, and enabled more than 2,400 employees in the same sector. The national initiative of Tamkeen’ was announced in 2015. The CMA has adopted this initiative to empower and train Omani youth in the technical aspects of the insurance sector and motivate them to develop their skills and capabilities