As part of this transaction, Intact will sell its 50% shareholding in RSA Middle East to NLGIC. The remaining shares, owned by our RSA Middle East shareholders, will be exchanged into NLGIC shares, making the RSA Middle East Shareholders the majority shareholders of NLGIC after OMINVEST. Upon obtaining regulatory approvals, RSA Middle East will become a wholly owned subsidiary of NLGIC. RSA Middle East will continue to hold a majority shareholding in Al Alamiya for Cooperative Insurance Co. in Saudi Arabia and in Al Ahlia Insurance Co. in Oman.

Intact and RSA have a duty to review and support proposals which they believe can benefit their shareholders, whilst also considering the interests of other stakeholders.
Following a thorough review of the opportunities in general insurance in the Middle East region, Intact and RSA see a clear path forward for the business to grow profitably across Oman, UAE and Saudi Arabia. However, to grasp these opportunities requires local knowledge and investment in capabilities.

NLGIC, based in Oman, is one of the Sultanate’s largest insurance players and has a strong presence in Health insurance in the UAE. NLGIC has local experience and resources to offer and with OMINVEST group, have set out a clear intention for how they could help RSA Middle East’s businesses grow further.

It’s simply too early to say. However, any changes to trading brands will need to be done over time and sensitively, explaining the process well to customers and other stakeholders.

As above, It’s simply too early to say. However, any changes to trading brands will need to be done over time and sensitively, explaining the process well to customers and other stakeholders.

The change in RSA Middle East ownership will have no immediate impact on day-to-day operations and business will continue to run as usual.

The change in RSA Middle East ownership will not have immediate impact on products and services offered by Al Ahlia.

The change in RSA Middle East ownership will not have immediate impact on products and services offered by Al Ahlia.

For the time being, given that the deal is subject to regulatory approval and until transaction is completed, both Al Ahlia and NLGIC products and offerings will continue to remain as they are.

Once transaction is completed, which is expected to take place swiftly post relevant approvals, an integration period will commence, during which any changes or integration on the product and service offerings will be done over time and sensitively, explaining the process well to our customers and stakeholders accordingly.

We will update you in due course once we have access to more information.

Any changes to trading brands will need to be done over time and sensitively, explaining the process well to customers and other stakeholders.

At the moment, we do not have full details on how this deal will affect our headquarter locations. There will be review of the management, governance and incentive structures of RSA’s businesses to determine any arrangements which will apply post completion. We will update you in due course once we have access to more information.

Due diligence is currently underway and subject to the outcome of the process. The deal is expected to be completed in Q3 2022.

Once the deal is completed in Q3, 2022, together with NLGIC, there will be review of the management, governance and incentive structures of RSA’s businesses to determine any arrangements which will apply post completion.

OMINVEST group is one of the oldest, highly successful and largest investment firms in the region with a large portfolio ranging from Commercial Banking, Insurance, Finance & Leasing, Financial Investments and Investment Banking and Real Estate.

OMINVEST is majority shareholder of National Life & General Insurance Company and are already shareholders in our Al Ahlia business in Oman.

National Life and General Insurance Co SAOG (NLGIC) are one of the major Health Insurance providers in the UAE market, achieving Gross Written premium of around AED 1.27 Billion in the FY 2020.

NLGIC has been recognised as a Leader in the Corporate Medical Insurance Industry in the UAE, Oman and Kuwait markets. With expertise in Need-based underwriting and customised solutions, they have been successful in satisfying their clients. They strive to work with the Customer First approach and believe that ‘Customer service is an Attitude and not a Department’.

At the moment, we do not have full details on how this deal will affect our product offerings. There will be review of the management, governance and incentive structures of RSA’s businesses to determine any arrangements which will apply post completion. We will update you in due course once we have access to more information.

There will not be an immediate change to your existing prices; we are still a leading insurance company with enhanced resources and capabilities to serve you. We will continue to keep you insured.

There will not be an immediate change to your existing policy; we are still a leading insurance company with enhanced resources and capabilities to serve you. We will continue to keep you insured.


 

There will not be an immediate change to your benefits and services. We will update you in due course once we have access to more information.

There will not be an immediate change to our call center lines. We will update you in due course once we have access to more information.

There will not be an immediate change to our existing contracts and policies. We will update you in due course once we have access to more information.

There will not be an immediate change to our network coverage. We will update you in due course once we have access to more information.

Feel free to send us an email to rsauae@ae.rsagroup.com

A "No Claims Discount" (NCD) is the discount given on your premium following one or more complete years of cover without a claim. The amount of discount begins at 5% but could be earned up to 40%

No. Comprehensive cover is available only for vehicles up to the age of 5 years. If you require Comprehensive cover for any vehicles over 5 years, your application will need to be referred to our insurance specialists who will review each case and will be as supportive as possible in helping you with your requirements.

  • Damage to your motor vehicle due to accidental collision, overturning, fire, external explosion, self-ignition, theft, or a malicious act unless specifically excluded
  • Expenses against third party bodily injury/ property damage arising out of use of the insured vehicle
  • Death or bodily injury to any third party/person.
  • Damages to third party property arising out of the use of your motor vehicle.

The fixed amount specified in the policy schedule to be borne by the Insured for each accident. Our standard excess is as per the Omani law.

In the unfortunate event of a claim you will need to submit the following documents along with your claim form:

  • Al Ahlia Claim Form
  • MRTA (Minor Road Traffic Accident Form) in case of minor accidents
  • Copy of driving license
  • Copy of registration card (mulkhiya)
  • Police report

Oman regulations support agency repair cover in the first year following registration as a new vehicle. In subsequent years, we offer agency repair cover at an additional premium.

We do not usually offer agency repair for older vehicles, however if do you require this cover, your application will need to be referred to our insurance specialists who will review each case and will be as supportive as possible in helping you with your requirements

Insurance for high-value cars above RO 50k or sports cars can be arranged on a referral basis only. Visit any of our branches, or Call +968 249 35 050 for more information today

Policy cancellations may be considered in the following circumstances:

  • Cancellation of the vehicle registration and validated by the ROP
  • Transfer of ownership of the vehicle to another person
  • The vehicle is insured by another insurer

Policy will be cancelled only after producing valid proof for all the above

Premium for the unexpired period is returned as long as no claims were made during the insurance period. The refund is calculated on short period basis as per the Omani Law.

The contract of insurance is between you and Al Ahlia, it may not be transferred to any other person

This is an Oman Traffic law requirement.

An Orange card is a document developed by GAIF (General Arab Insurance Federation) for facilitating easier Motor Third Party claim settlement within its member countries. The Orange Card covers damages caused by the Insured to a Third Party in a foreign GAIF member country.

An Orange Card is required when you are visiting one of the GAIF member countries. The list below includes all member countries.

  • Jordan
  • UAE
  • Bahrain
  • Tunisia
  • Algeria
  • Syria
  • Iraq
  • Qatar
  • Kuwait
  • Lebanon
  • Libya
  • Egypt

The Orange Card can be collected from any of our Branches.