Sompo Japan offers car insurance in Myanmar

Sompo Japan Nipponkoa Insurance has entered Myanmar’s auto insurance market in a first for a foreign company. The Japanese nonlife insurer recently began selling car insurance in the Thilawa special economic zone to the southeast of Yangon. It will mainly market vehicle insurance, as well as bodily injury and property damage liability coverage, to customers […]

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 […]