TOKYO/YANGON — Five Japanese insurers have teamed up with local players to enter Myanmar’s fledgling insurance market, looking to provide such products as annuities and automobile policies to a largely uninsured population. The Myanmar government announced in January that foreign insurance companies would be allowed offer products in the country, either on their own or […]
Foreign insurance companies who meet their standards allow to work in SEZs says IBSC
April 30, 2015 by
Foreign insurance companies who meet their standards allow to work in SEZs says IBSC Insurance Business Supervision Committee (IBSC) will be the only granted foreign insurance company which meets their standardizations to work in Thilawa Kyaukpyu and Dawei special economic zones, according to its committee. The committee said they will announce the profile of companies […]
Foreign insurance companies can start in Thilawa from 2015
November 19, 2014 by
Foreign insurance companies can start operating in Thilawa Special Economic Zone during its first phase beginning in January 2015, Deputy Finance Minister Dr Maung Maung Thein told reporters at the Yangon-based state-owned Myanma Insurance office on November 16. “According to an existing Special Economic Zone law, foreign insurance companies can run their business [within special […]
Government hopes to start insurance scheme next January
September 10, 2014 by
A ground-breaking scheme is being launched that will enable Myanmar citizens to take out insurance covering health, insurance and the effects of bad weather in the next few months. says U Maung Maung Thein, deputy minister for Finance and Revenue. Speaking to the media at Mya Nan DawHOTEL IN Nay Pyi Taw on August 28, […]
