Insurer, bank tie up to provide bancassurance in Myanmar

Capital Taiyo Life Insurance and Myanmar Citizens Bank have announced that that they will cooperate to provide life insurance products in Myanmar. Capital Taiyo Life and Myanmar Citizens Bank (MCB) signed announced on Friday that they had signed an agreement on June 29 to provide bancassurance products via MCB’s network of branches. The agreement brings […]

Insurers authorised to provide bancassurance in Myanmar

Prudential Myanmar Life Insurance Limited, a subsidiary of UK-based Prudential plc, has signed a partnership with Yoma Bank to provide Myanmar customers with life insurance solutions. The two firms signed a memorandum of understanding allowing Yoma Bank to distribute Prudential Myanmar’s savings and protection products at its branches across the country, according to a release […]

Building blocks for bancassurance set to grow in Myanmar

The Ministry of Finance, Planning, and Industry’s Financial Regulatory Department has approved a plan by two insurance joint ventures to offer bancassurance products under a pilot project following the liberalisation of the insurance industry in Myanmar. “We are preparing to release the rules and regulations for offering bancassurance in the domestic market. For now, we […]