Vision has traditionally supported the small and medium enterprises sector by spreading its portfolio in a way as to include small traders, small manufacturers, service providers and fresh startups not only as an insurer but also as an investment advisor and a risk manager.
Vision Investment Services Co, a leading asset management company in Oman in partnership with Al Wathba National Insurance Co. PSC from Abu Dhabi is promoting Vision Insurance in association with prominent business groups from Oman and United Arab Emirates.
Vision Insurance is an Omani national insurer authorised to offer both non-Life and Life insurance products. Vision has the combined expertise in both insurance and investment management. The company’s founder Chairman, Ali Mohammed Juma, has a distinguished track record as a successful business promoter and brings to Vision his expertise in financial services sector. P R Ramakrishnan, Chief Executive Officer has a proven track record of corporate turnaround and growth with over 23-years in lead management positions in Omani insurance companies, while Mujtaba Shaban, general manager– operations and corporate affairs apart from being a career insurer, has been instrumental in developing some industries in steel aluminum, extrusion and fabrication industry sector in the 1990s.
Vision has an authorised capital of RO10 mn. The company’s core strength is its team of highly qualified and experienced employees committed to providing innovative solutions for diverse client needs. Formally registered in September 2007, Vision commenced active operations in May 2008 and is the only Omani insurer to commence operation with a full-fledged cross-country network of branches. Vision has strong reinsurance facilities supported by well rated reinsurers. The combined strength of strong promoters, professional management, committed team of employees, wide network and respectable reinsurers has earned Vision the acceptance as a mature insurer since its inception. To be the insurer of first choice for trust, service and products is the company’s Vision.
Vision has traditionally supported the small and medium enterprises sector by spreading its portfolio in a way as to include small traders, small manufacturers, service providers and fresh startups not only as an insurer but also as an investment advisor and a risk manager. Vision has supported many community initiatives and has also developed special products for this sector that can be offered as a package offering for risks associated with changing climate patterns and global warming, incidents of injury, illness, death, loss of habitat and property.
Vision has designed a combination of products to mitigate various risks. They include:
Property All Risks cover
Workmen Compensation & Employers Liability cover
Public Liability & Tenants Liability cover
Business Interruption cover
Plate Glass cover – to cover billboards hoardings name boards and so on
Fidelity Guarantee cover
Personal Accident cover
Enhanced Business Interruption cover
Electronic Equipment cover
Stocks in Trade cover
Goods in Transit cover
Products Liability cover
Extension of WC to 24 hours Cover
Group Life Insurance cover
Vision has been promoting a range of products with select investment houses and banks to cater to the requirements of the SME sector and aspires to be a preferred risk management partner to them.