Read the latest edition of AIR and MEIR as an Interactive e-book

Magazine

Jun 2020

Myanmar: Regulator gives the green light to bancassurance operations

Source: Asia Insurance Review | Apr 2020

The Insurance Business Regulatory Board has issued a directive allowing banks and microfinance institutions to operate as agents selling insurance after obtaining approval from the Central Bank of Myanmar and Microfinance Business Supervisory Committee.
 
Prior to this, only two insurance providers – KBZ MS and AYA SOMPO – were authorised to undertake bancassurance on a provisional basis, according to a report by Myanmar Times.
 
According to research commissioned by KBZ MS, the total bancassurance channel in Myanmar could grow to MMK2tn ($1.5bn) if applied to the total projected insurance market in Myanmar by 2029. A 
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.