Wednesday 27 / November / 2024
Muscat: Traffic accident compensation claims in the Sultanate of Oman exceeded OMR 11.7 million during the first half of this year, and the percentage of compensation paid reached 15 percent.
Insurance sector indicators in unaudited data for the first half of this year issued by the Capital Market Authority showed that the total number of traffic accidents exceeded 37,000 traffic accidents. 7,763 were classified as serious accidents, and approximately 29,600 as minor traffic accidents, with a slight decrease of 1.7 percent compared to the same period in 2022.
The data showed a decrease in the total amount of compensation paid by 15 percent, as its total value exceeded OMR 11.7 million compared to OMR 13.9 million in the first half of 2022. The number of claims reached approximately 41,000, while there were about 44,000 claims in the same period last year.
The Capital Market Authority indicated that the claims were distributed among minor traffic accidents, which recorded about 30,000 claims, with a total value of compensation amounting to OMR 5.7 million, recording a decrease of 19 percent. As for serious accidents that resulted in material damage, the value of their compensation exceeded OMR 3.7 million.
Serious accidents that resulted in injuries and medical treatment expenses during the first half of this year recorded a 5 percent decrease with a compensation value of more than OMR 2 million. The value of compensation for serious accidents that resulted in deaths amounted to about OMR 275,000, with 191 verified claims, an increase of 18 percent compared to the first half of 2022.
