Marine cargo insurance available

The Myanmar Insurance Business Supervisory Board has announced that it will allow private companies to offer marine cargo insurance. Dr Maung Maung Thein, chairman of the board, said: “Now private insurance companies have got experience we will allow them to deliver new insurance services.” Since its inception, the board has allowed six types of insurance: […]

Private Insurance Industry Finds its Feet

YANGON — Private insurance in Myanmar is still in its infancy and will need time to fully develop after more than half a century of domination by a government-owned company, say some of those now hoping to transform the industry. Earlier this year, Myanma Insurance, the sole insurer in the country since 1952, took the […]

Myanma Insurance permits five private firms for first time in 50 years

Myanma Insurance, the sole state-owned insurance organization in Myanmar, has permitted five private firms to offer insurance services in the country for the first time in 50 years. IKBZ Insurance Co Ltd, Grand Guardian Co Ltd, Aung Thitsar Oo Co Ltd, National Economy Public Co, and Aung Myint Mo Min Insurance Co Ltd were given […]