fbpx

Private Insurance Companies in Myanmar

Under the Insurance Market Liberation Announcement of 1/2019 from the Ministry of Planning and Finance. The following foreign companies and their Myanmar JV partners are able to provide insurance services in the Myanmar market:

General Insurance:

Wholly Owned Subsidiary Joint Venture with Myanmar entities or citizens
 

 

Not Allowed

Foreign Insurance Company Myanmar Partner
DB Insurance, South Korea Global World Insurance
Mitsui Sumitomo Insurance, Japan IKBZ Insurance
Muang Thai Insurance, Thailand First National Insurance
Sompo Japan Nipponkoa Insurance, Japan AYA Myanmar Insurance
Tokio Marine & Nichido Fire Insurance, Japan Grand Guardian Insurance

 

Life Insurance:

Wholly Owned Subsidiary Joint Venture with Myanmar entities or citizens
AIA, Hong Kong Foreign Insurance Company Myanmar Partner
Chubb, US Muang Thai Insurance, Thailand First National Insurance
Dai-ichi Life Insurance, Japan Nippon Life Insurance, Japan Grand Guardian Insurance
Manulife, Canada Taiyo Life Insurance, Japan Capital Life Insurance
Prudential, UK Thai Life Insurance, Japan Citizen Business Insurance

Source: Myanmar Ministry of Planning & Finance, Updated: 3/4/2019

 

Below is the list of local Myanmar Insurance companies:

You can sort the rows by clicking the up/down arrow in the column header.

S/NoCompany NameAddressGeneral InsLife Ins
1First National Insurance Public Co., Ltd.No. 400/406, Merchant Street, Botahtaung Township, YangonYesYes
2I.K.B.Z Insurance (Public) Co., Ltd.No. 608, Bo Sun Pat St., Pabedan Township, YangonYesYes
3Young Insurance Global Co., Ltd.No. 647(A), Pyi Road, Kamayut Township, YangonYesYes
4Grand Guardian Insurance Public Co., Ltd.No. 19/20 (A,B,C & D) Junction Square, Pyi Road, Kamayut Township, YangonYesYes
5Global World Insurance Co., Ltd.No. 44, Thein Phyu Road, Pazundaung Township, YangonYesYes
6Excellent Fortune Insurance Co., Ltd.No. 53/54, Sat Sayar U Tun Street, Shwe Pyi Thar Industrial Zone, Insein Township, YangonYesYes
7Aung Thitsar Oo Insurance Co., Ltd.Room 602/604, Myawaddy Bank Luxury Complex, No. 151, Bogyoke Road, Lanmadaw Township, YangonYesYes
8Pillar of Truth Insurance Co., Ltd.No. 14-02, Sakura Tower, Sule Pagoda Road, Kyauktada Township, YangonYesYes
9Ayeyar Myanmar Insurance Co., Ltd.No. 480, Lower Kyeemyindine Road, Kyeemyindine Township, YangonYesYes
10Capital Life Insurance Co.,No. 277/285, Middle of Bo Aung Kyaw Street, Kyauktada Township, YangonYes
11Citizen Business Insurance Public Ltd.No. 5, Sayar San Plaza First Floor, Bahan Township, YangonYes
12Aung Myint Moh Min Insurance Co., Ltd.No. 28, Corner of Shwedagon Pagoda Road and Pantrar Street, Dagon Township, YangonYes

Do you know that under the Myanmar Investment Rule notification No. 35/2017 (30th March 2017) it is stipulated that every investor must buy the appropriate insurance for their investment in Myanmar. Click here to read more.