It has been five years since the government first allowed private insurance businesses to offer their services in Myanmar in 2013. But further liberalisation is needed and the authorities have been saying they are close to allowing foreign insurance providers to operate domestically. In August, U Zaw Naing, secretary of the Insurance Business Regulatory Board […]
Myanmar insurance to thrive with competition and free market
August 10, 2017 by
U Myo Min Thu is the Managing Director of AYA Myanmar Insurance (AMI), one of the top three private insurers in Myanmar. AMI was created in 2013 following the liberalization of economic policy which permitted private insurers to enter the market. AMI is the insurance arm of AYA Financial Group, a conglomerate which also owns […]