Private companies soon to be permitted 20 types of insurance

The private insurance companies will be permitted to provide 20 types of insurance very soon for the development of the local insurances, according to a report in the Myawady Daily yesterday. Initially, Myanmar Insurance has permitted private companies only six types of insurance out of 46. Later on, the private companies were permitted to provide […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Insurance to Lead Finance Sector Expansion

​​ Myanmar’s financial sector welcomed new faces this year – international banks opened their first branches, the stock exchange welcomed its first firms and there are joint-ventures on the horizon for the insurance sector in 2017. Taiwanese firm E.SUN Commercial Bank, South Korea’s Shinhan Bank, Bank for Investment and Development of Vietnam and State Bank […]