Under the Insurance Market Liberation Announcement of 1/2019 from the Ministry of Planning and Finance. The following foreign companies and their Myanmar JV partners are able to provide insurance services in the Myanmar market:
General Insurance:
| Wholly Owned Subsidiary | Joint Venture with Myanmar entities or citizens | |
|
Not Allowed | Foreign Insurance Company | Myanmar Partner |
| DB Insurance, South Korea | Global World Insurance | |
| Mitsui Sumitomo Insurance, Japan | IKBZ Insurance | |
| Muang Thai Insurance, Thailand | First National Insurance | |
| Sompo Japan Nipponkoa Insurance, Japan | AYA Myanmar Insurance | |
| Tokio Marine & Nichido Fire Insurance, Japan | Grand Guardian Insurance | |
Life Insurance:
| Wholly Owned Subsidiary | Joint Venture with Myanmar entities or citizens | |
| AIA, Hong Kong | Foreign Insurance Company | Myanmar Partner |
| Chubb, US | Muang Thai Insurance, Thailand | First National Insurance |
| Dai-ichi Life Insurance, Japan | Nippon Life Insurance, Japan | Grand Guardian Insurance |
| Manulife, Canada | Taiyo Life Insurance, Japan | Capital Life Insurance |
| Prudential, UK | Thai Life Insurance, Japan | Citizen Business Insurance |
Source: Myanmar Ministry of Planning & Finance, Updated: 3/4/2019
Below is the list of local Myanmar Insurance companies:
You can sort the rows by clicking the up/down arrow in the column header.
| S/No | Company Name | Address | General Ins | Life Ins |
|---|---|---|---|---|
| 1 | First National Insurance Public Co., Ltd. | No. 400/406, Merchant Street, Botahtaung Township, Yangon | Yes | Yes |
| 2 | I.K.B.Z Insurance (Public) Co., Ltd. | No. 608, Bo Sun Pat St., Pabedan Township, Yangon | Yes | Yes |
| 3 | Young Insurance Global Co., Ltd. | No. 647(A), Pyi Road, Kamayut Township, Yangon | Yes | Yes |
| 4 | Grand Guardian Insurance Public Co., Ltd. | No. 19/20 (A,B,C & D) Junction Square, Pyi Road, Kamayut Township, Yangon | Yes | Yes |
| 5 | Global World Insurance Co., Ltd. | No. 44, Thein Phyu Road, Pazundaung Township, Yangon | Yes | Yes |
| 6 | Excellent Fortune Insurance Co., Ltd. | No. 53/54, Sat Sayar U Tun Street, Shwe Pyi Thar Industrial Zone, Insein Township, Yangon | Yes | Yes |
| 7 | Aung Thitsar Oo Insurance Co., Ltd. | Room 602/604, Myawaddy Bank Luxury Complex, No. 151, Bogyoke Road, Lanmadaw Township, Yangon | Yes | Yes |
| 8 | Pillar of Truth Insurance Co., Ltd. | No. 14-02, Sakura Tower, Sule Pagoda Road, Kyauktada Township, Yangon | Yes | Yes |
| 9 | Ayeyar Myanmar Insurance Co., Ltd. | No. 480, Lower Kyeemyindine Road, Kyeemyindine Township, Yangon | Yes | Yes |
| 10 | Capital Life Insurance Co., | No. 277/285, Middle of Bo Aung Kyaw Street, Kyauktada Township, Yangon | Yes | |
| 11 | Citizen Business Insurance Public Ltd. | No. 5, Sayar San Plaza First Floor, Bahan Township, Yangon | Yes | |
| 12 | Aung Myint Moh Min Insurance Co., Ltd. | No. 28, Corner of Shwedagon Pagoda Road and Pantrar Street, Dagon Township, Yangon | Yes |
Do you know that under the Myanmar Investment Rule notification No. 35/2017 (30th March 2017) it is stipulated that every investor must buy the appropriate insurance for their investment in Myanmar. Click here to read more.
