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Rescheduling of Announcement of Winners of Life Insurance Business to 5 April 2019

RESCHEDULING OF FORMAL ANNOUNCEMENT OF PREFERRED APPLICANTS FOR THE REQUEST FOR PROPOSAL TO APPLY FOR A LICENCE FOR LIFE INSURANCE BUSINESS IN MYANMAR TO BE OPERATED BY A FOREIGN INSURER THROUGH A 100% WHOLLY-OWNED SUBSIDIARY The Request for Proposal issued by the Ministry of Planning and Finance stated that the lists of preferred foreign life […]

Myanmar opens Thilawa SEZ to foreign insurers

Myanmar is opening up its Thilawa special economic zone near Yangon to international insurance companies — part of a market liberalization effort expected to gain momentum this year. The government does not allow foreign insurers to offer their services outside of Thilawa — a Myanmar-Japanese joint venture and the country’s only operational SEZ. Only three […]

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 […]