Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]
Myanmar insurance industry poised for reform, awaits liberalisation
April 19, 2018 by Thiha
Filed Under: Latest News Tagged With: American International Assurance, Asian Development Bank, banking and insurance products, bond market, budget deficit, Building Management, central bank, Central Bank of Myanmar, Daw Sandar Oo, Dr Aung Tun Thet, EXPORT-IMPORT BANK OF INDIA, financial literacy campaigns, foreign firms, Foreign insurers, government Treasury bonds, Great Eastern Life Insurance, gross written premiums, GWP, Health Insurance, insurance firms, insurance products, Insurance providers, insurance sector, IT systems, local insurance providers, local players, Managing Director, Market Outreach Programme, Member, Mitsui Sumitomo Insurance, Myanma Insurance, Myanmar Economic Bank, Myanmar insurance industry, Myanmar investment commission, OBG, Oxford Business Group, Private Firms, Private Insurance Companies, Regulatory Framework, senior economist, state-owned Myanma Insurance, training staff
Insurance liberalisation must strike delicate balance in Myanmar
February 2, 2017 by Thiha
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 […]
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
