ACE Group to open representative office in Yangon

wasting time in myanmar, unproductive meetings, wrong prospects. business partner search service

Switzerland-based ACE Group, a global provider of insurance is planning to open a representative office in Yangon on the end of this year, according to the statement from the ACE Group.

The group has already had the permission to open the office from Directorate of Investment and Company Administration under the Ministry of National Planning and Economic Development.

“According to our experience, we expect that we can help develop Myanmar’s insurance market and business. The Myanmar market is attracted to foreign investors,” Mr. Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited said.

ACE Group operates in 53 countries and territories and has over 100 branches across the world including Australia, Hong Kong, Indonesia, South Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

Former governments has made the insurance sector state-owned access since 1965 and in the new government era, Myanmar called for applicants to make privatization on insurance sector on May, 2012. In September 2012, the government is allowed insurance sector to 12 private companies. Myanmar had over 70 foreign insurance companies before being made state-owned access in insurance sector by Nay Win’s administration.

Life insurance and other general insurances such as fire insurance, comprehensive motor insurance, money transfer insurance, money security insurance and insurance of dignity and prestige.

Source : EMG

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here