Sukoon establishes Oman Insurance Workplace Savings Solution within DIFC

Sukoon establishes Oman Insurance Workplace Savings Solution within DIFC

Sukoon Insurance, the UAE’s industry-leading, multi-award-winning Health, Travel, and Car insurance provider, has received approval from Dubai Financial Services Authority (DFSA), to start a new subsidiary called Oman Insurance Workplace Savings Solution (OIWSS) for the administration of Employee Money Purchase schemes in the Center.

Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA) region, will provide a platform for the subsidiary to provide services to companies in the UAE and the rest of the GCC for administration of their End of Service Gratuity savings in an effective and regulated manner.

OIWSS has established a partnership with Intertrust Group, a CSC Company, which will be the trustee and the operator of this scheme and Generali Global Pension which will provide a capital-guaranteed option for our clients.

The new entity will operate from its new office in DIFC. OIWSS has built a scheme that will be branded as Go Saver and will be open for companies in DIFC, other free zones and other onshore jurisdictions. Go Saver will be fully protected under a trust which will safeguard the interests of employees. Through a robust digital platform, OIWSS will provide many investment solutions including a fully