Insurance is normally a highly competitive industry, but in Myanmar – only recently opened to the international market – that competition is highly controlled. Nyo Myint, Vice Chairman of IKBZ Insurance, explains that although the monopoly of the state-owned Myanma Insurance has ended, the country’s 12 insurance companies are still relative novices. Myanmar’s insurance industry […]
Insurance liberalisation must strike delicate balance in Myanmar
February 2, 2017 by Thiha
Filed Under: Latest News Tagged With: brokerage companies, capital, co-insurance model, competitive industry, domestic industry, foreign insurance companies, Foreign insurers, human security, insurance, Insurance liberalization, International Market, local insurance companies, monopoly, Myanmar, Myanmar’s finance services, Myanmar’s insurance industry, Myanmar’s Thilawa Special Economic Zones, Nationwide Ceasefire Agreement, Nyo Myint, peace conference renders national development, premium insurance products, Representative Offices, six composite insurers, six life insurers, state-owned Myanma Insurance, tariff-based industry, Vice Chairman of IKBZ Insurance, World Finance
