In addition, company CEO Christos Adamantiadis was named UAE Insurance Game Changer of the Year.
"Oman Insurance is proud to be awarded the ACQ5 Global Award, UAE Insurance Company of the Year, and we see this as a validation of our position as an insurance market leader in UAE," Adamantiadis said. "We look to retain this acclaim with ongoing product innovations and consistent service delivery to all our customers."
Among the initiatives adopted by Oman Insurance are the Workplace Savings and Retirement Plans, a pension plan available to foreigners in the UAE; and Business 360, a packaged insurance solution for small and medium-sized businesses. The company also has developed an app to provide automobile policyholders with emergency roadside assistance.
Based in London, ACQ5 is a magazine that focuses on mergers and acquisitions. Winners of its Global Awards are chosen after a rigorous process that evaluates companies in a challenging business environment.