Muscat, Sultanate of Oman - National Life and General Insurance Company SAOC (NLGIC) looks to strengthen its foothold in United Arab Emirates (UAE) Insurance market and announced that an agreement has been reached on the acquisition of Inayah TPA LLC (Third Party Medical Claims Administrator).

NLGIC is a leading insurance company in the Sultanate of Oman and having overseas branches in Dubai and Abu Dhabi.

S Venkatachalam, Chief Executive Officer, NLGIC, said: “NLGIC has already established its presence in UAE life and health insurance market. The acquisition of Inayah TPA is a strategic investment which will benefit the company in manifold ways in the long term. Having our own claims processing capability will provide NLGIC with direct access to a wide network of hospitals to render better customer service and improve profitability by having more control on claims cost and claims management cost.

This acquisition is a strategic fit to our overall objective to maximize shareholder wealth.

© Press Release 2017