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Myanmar tag returned 68 results

  • Myanmar's Reinsurance Revolution

    Myanmar is to allow foreign participation in the reinsurance market as the government moves to allow greater liberalisation of the country's insurance sector. The Insurance Business Regulatory Board (IBRB) - which supervises the insurance industry - had promised for some time that foreign firms would be allowed to compete with local insurance businesses through reinsurance arrangements. William Aung, a consultant covering Myanmar's financial services sectors, who has also worked as a national insurance expert for an Asian Development Bank project, shares with Asia Advisers Network insights on the development.

    Agents | 20 Jul 2020
  • Myanmar: Govt permits reinsurance and new general insurance classes

    The Insurance Business Regulatory Board (IBRB) is permitting the business of reinsurance and three new classes of general insurance in the country, under two new directives issued on 12 May.

    Asia | 15 May 2020
  • Myanmar: Regulator gives the green light to bancassurance operations

    The Insurance Business Regulatory Board (IBRB) 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.

    Asia | 09 Mar 2020
  • Myanmar: Foreign insurers inject more than US$120m into industry

    The Myanmar insurance sector has received investments of around $120m and MMK60bn ($43m) into the Myanmar insurance sector since its liberalisation last year, according to the Myanmar Investment Commission (MIC).

    Asia | 05 Mar 2020
  • The uphill task of talent development in a nascent market

    The entry of foreign players has brought a wave of excitement regarding the future of Myanmar's nascent insurance market which is brimming with untapped potential and a slew of opportunities. This has translated into job prospects in insurance for locals and involves training a new pool of talent for insurers.

    AIRPlus | 26 Feb 2020
  • Myanmar: 2 insurance JVs in bancassurance pilot scheme

    Two insurance joint ventures have had their plan to offer bancassurance products under a pilot project approved by the Financial Regulatory Department (FRD) of the Ministry of Finance, Planning, and Industry.

    Asia | 13 Feb 2020
  • Myanmar: State-owned insurer sells home mortgage cover for the first time

    State-owned Myanmar Insurance has introduced housing insurance packages for homes bought with loans for the first time in the country.

    Asia | 12 Feb 2020
  • Myanmar: Insurance association introduces CII qualifications

    The Myanmar Insurance Association (MIA) is set to introduce qualification programmes of the UK's Chartered Insurance Institute (CII) to Myanmar.

    Asia | 28 Jan 2020
  • AIA ready for insurance partnership in Myanmar

    AIA's new venture in Myanmar will see them partnering local firms such as AYA Financial Group and Max Myanmar Group (AFG Max) to set up a life insurance project, according to local media Myanmar Times.

    Agents | 18 Dec 2019
  • Formal insurance licences granted to foreign insurers in Myanmar

    Five foreign insurers and half a dozen joint ventures were granted licences by the Financial Regulatory Department on 28 November 2019 to operate in the Myanmar market.

    Agents | 03 Dec 2019

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