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Myanmar tag returned 42 results

  • Myanmar: Sompo Japan lends assistance in crop insurance scheme

    State owned Myanmar Insurance (MI) and Myanmar Agricultural Development Bank (MADB) have jointly started a pilot weather index-based crop insurance project, with the assistance of Sompo Japan Nipponkoa Insurance.

    Asia | 12 Jul 2019
  • Myanmar: Fulfilling life's great promise

    Myanmar's insurance industry is preparing for a significant shake-up in the near future with the entry of foreign insurance companies into the market. Industry analysts believe they may be operational within the next three months. This is a central part of the government's financial reforms aimed at attracting foreign investment, starting with the significant liberalisation of the moribund insurance sector. What lies ahead, and what will it take to succeed?

    Agents | 01 Jul 2019
  • Myanmar: Nippon Life to take maximum 35% stake in local venture

    Nippon Life Insurance has reached an agreement with Grand Guardian Insurance Holding Public Company (GGIH) and Grand Guardian Life Insurance Company (GGLI), both affiliated to Shwe Taung group, to acquire stakes in GGLI.

    Asia | 25 Jun 2019
  • Myanmar: Ride hailing company taps state owned insurer to cover drivers & passengers

    Regional ride hailing company Grab has partnered with state-owned Myanma Insurance to launch a group Personal Accident Insurance (PAI) scheme which covers drivers and passengers in the case of an accident during a GrabTaxi, GrabThoneBane or GrabBike ride.

    Asia | 21 Jun 2019
  • Myanmar: 14 foreign insurers to operate in local market by year-end

    A total of 14 foreign insurers will enter Myanmar's insurance market by the end of this year through either wholly owned subsidiaries or joint venture companies with local peers, the Nikkei Asian Review has reported.

    Asia | 13 Jun 2019
  • Japan: Local insurers find their way to least-insured economy in Southeast Asia

    Myanmar will soon see five Japanese insurers entering its emerging insurance market in partnership with local insurers, reported the Nikkei Asian Review. The Japanese insurers are aiming to offer products like annuities and automobile policies to a comparatively under-insured market. These insurers include Tokio Marine, Nippon Life Insurance, MS&AD Insurance, Sompo and Meiji Yasuda Life Insurance.

    Asia | 29 Apr 2019
  • Myanmar: 1st education-related life policy launched

    State-owned Myanma Insurance and 11 private local insurers have launched Myanmar's first education-related life insurance.

    Asia | 15 Apr 2019
  • UK-headquartered insurer finds footing in nascent Asian market

    As Myanmar's insurance market slowly opens up and gradually moves towards liberalisation, the country's ministry of planning and finance (MoPF) has selected Prudential as a 'preferred applicant' to receive a licence as a wholly-owned life insurance company. 'Preferred applicants' are required to fulfil a set of pre-licensing conditions, following which they will receive a licence to offer life insurance products in Myanmar from the MoPF. The selection is a major step in the process of Prudential receiving a full licence to provide life insurance products and services in Myanmar.

    Asia | 09 Apr 2019
  • 5 foreign insurers clinch provisional insurance licences in Myanmar

    Five foreign companies have been granted provisional licences to issue life insurance policies through 100/% subsidiaries as the authorities are finally opening up the Myanmar market.

    Agents | 09 Apr 2019
  • Myanmar: 5 foreign insurers clinch provisional insurance licences

    Five foreign companies have been granted provisional licences to issue life insurance policies through 100/% subsidiaries as the authorities are finally opening up the Myanmar market.

    Asia | 08 Apr 2019

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