IKBZ facilitates the growth of Myanmar’s insurance sector

Myanmar’s insurance sector dates back to the 18th century, but only recently has foreign investment been granted, opening up and creating opportunities in the market The insurance sector in Myanmar has been active for quite some time, perhaps surprisingly so for those not familiar with the market. Following the signing of the peace treaty of […]

Private Insurers Take Hold in Myanmar

Sept. 8, 2015 3:30 p.m. ET YANGON, Myanmar—Over cups of sweet tea at Yangon University, Nyi Nyi Min Htet pitches the benefits of car insurance from his mobile phone to drivers who navigate the chaotic streets of the country’s largest city. But it often proves to be a tough sell. Few Burmese understand insurance or […]

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 […]