The Oman Financial Services Authority hosted a dialogue session on securing industrial facilities and safety requirements to examine difficulties industrial establishments face in obtaining appropriate insurance coverage and to discuss practical proposals to improve protection and preventive readiness. The session brought together facility owners and representatives, insurance companies, and public-sector stakeholders. It highlighted a gap in understanding between insurers and industrial establishments on insurance requirements and safety and security standards, with insurers indicating that some facilities are treated as high-risk when these requirements are not met. Discussion focused on strengthening risk management practices and compliance with safety standards to help reduce risk levels and support access to insurance aligned to industrial activities. The dialogue was positioned as part of a series of initiatives by the Authority to promote awareness of insurance in risk distribution and to embed a stronger risk management culture supporting business continuity in the industrial sector.

Original source View in tracker