Myanma Insurance to pay indemnities to Htoo Group

THE fire incident at Kandawgyi Palace Hotel will be classified as being 100 percent burnt-down and indemnities will be given within this month, U Lwin Oo, deputy general manager from Myanma Insurance, told The Myanmar Times. Yangon’s iconic Kandawgyi Palace Hotel, owned by U Tayza’s Htoo Group, was destroyed by a fire in the early […]

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 […]

IKBZ hopes to capture new business with online platform

Local insurer IKBZ is hoping to become the first firm to allow people to buy its policies online – through computers and mobile devices – early this year, a senior official at the insurer told The Myanmar Times. The firm plans to start offering insurance policies online in January, with the option to register on […]