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Myanmar tag returned 50 results

  • Myanmar: Thai Life takes a 35% stake in local insurer

    Thai Life Insurance has reached a deal to take a 35% stake in Myanmar's Citizen Business Insurance (CB Insurance), becoming the first ASEAN insurer to enter Myanmar's insurance market.

    Asia | 19 Aug 2019
  • Myanmar: Foreign insurers could dominate life market

    Foreign insurers may dominate the life market in Myanmar while the room for operations by local insurers may be narrower, in the view of IKBZ Insurance deputy managing director Anil Mancham.

    Asia | 13 Aug 2019
  • Myanmar: Govt denies JV rules were changed

    The Ministry of Planning and Finance (MoPF) asserts that there have been no last-minute policy changes to rules governing joint ventures between local and foreign insurers in both the life and non-life segments of the insurance market.

    Asia | 09 Aug 2019
  • Myanmar: 3 foreign insurers change plans

    Three foreign insurers have called off their plans to launch businesses in Myanmar, due to a last-minute change in policy by the government, reported Nikkei.

    Asia | 05 Aug 2019
  • MSIG to pump in funding for Myanmar's major non-life insurer

    Japanese insurer Mitsui Sumitomo Insurance Group (MSIG) announced that its application to secure a 10% stake in IKBZ Insurance passed the regulatory review from Myanmar's Ministry of Finance and Planning on 31 July. Looking to obtain the final regulatory approval by the end of October, MSIG said it will now carry out necessary procedures based on instructions from the local authorities.

    Asia | 02 Aug 2019
  • Myanmar: Six foreign insurers receive green light for JVs

    The Ministry of Finance and Planning (MOFP) has announced the successful applicants for life and non-life insurance joint ventures between locals and foreigners.

    Asia | 02 Aug 2019
  • Myanmar: IKBZ is bullish on insurance market prospects

    Myanmar's insurance industry is forecast to see premiums of around MMK4tn ($2.65bn) by 2029, more than double the MMK1.75tn predicted would be collected within the next 12 months, according to IKBZ, a leading insurance group in the country.

    Asia | 26 Jul 2019
  • Japanese life insurer partners investment bank to establish VC fund for Myanmar start-ups

    Riding on the long-term economic collaboration between Japan and Myanmar, Taiyo Life Insurance has partnered Japanese investment bank Daiwa Securities Group to establish a $30m venture capital fund in Myanmar. The fund would be used to invest in local start-ups and will mature in 12 years with an investment period of five years, reported Myanmar Times.

    Asia | 18 Jul 2019
  • 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


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