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Myanmar tag returned 53 results

  • Myanmar: Govt aims to exempt insurance sector from competition law

    The Myanmar government is seeking through legislation to exclude the insurance sector from the competition law, in a move seen as protecting the state-owned insurer Myanma Insurance.

    Asia | 30 Sep 2019
  • Myanmar: IKBZ Insurance spins off new life insurance unit

    IKBZ Insurance, one of Myanmar's largest privately held general insurers, will be launching a new insurance company IKBZ Life on 16 September in view of current regulations by the Insurance Business Regulatory Board of Myanmar. This restructuring is said to allow for greater specialisation and innovation as the new unit will be fully dedicated to life insurance products.

    Asia | 13 Sep 2019
  • Japan: Taiyo Life takes 35% stake in Myanmar insurer

    Insurance major Taiyo Life Insurance will acquire 35% of Myanmar's Capital Life Insurance, a deal that gives the Japanese insurer an early foothold in a growth market.

    Asia | 23 Aug 2019
  • 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

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