With Myanmar’s insurance market finally open to foreign competitors, the country represents an ideal case study on insurance reform and liberalisation to serve the growing needs of the dynamic economy and the role of insurance in today’s era of technology.
Myanmar is one of the last frontiers presenting enormous opportunities. The insurance sector is predicted to hit at least $2bn in premiums by 2030 so it is a major attraction for all.
As the market gears up to face the brave new world developing its life and non-life insurance, reinsurance, regulation, InsurTech, distribution including bancassurance segments and its suite of insurance-related services including loss adjusting, legal and actuarial expertise, opportunities beckon for both the local and the international community. Can a win-win formula be struck?
With the success of the two Myanmar insurance summits in 2014 and 2018, Asia Insurance Review is taking up this challenge to host the 3rd Myanmar Insurance Summit from 27-28 April 2020 in Yangon, with support from the Ministry of Finance of Myanmar and Myanma Insurance.
This summit will help local and foreign players maximise their potential in the market and bring leading experts and industry leaders together to provide a comprehensive analysis of the insurance landscape in Myanmar today.
Aside from looking at critical issues, major challenges and opportunities in the growing market, the two-day summit will provide a good platform for local companies to make their pitch on their strengths and expertise in the market - and to showcase the Myanmar insurance sector now and for the future.
Examining the full picture of insurance and technology with all the disruption that has taken place in the country, the summit will also give a quick overview of the potential in Myanmar for foreign players while highlighting the power of strategic alliance and partnership to bridge the protection gap in the country.