Private companies soon to be permitted 20 types of insurance

The private insurance companies will be permitted to provide 20 types of insurance very soon for the development of the local insurances, according to a report in the Myawady Daily yesterday. Initially, Myanmar Insurance has permitted private companies only six types of insurance out of 46. Later on, the private companies were permitted to provide […]

Myanmar heads for liberalizing all types of insurance services

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]

JLT to Provide Reinsurance Service in Myanmar

Jardine Lloyd Thompson (JLT) plans to offer reinsurance services to state-run Myanmar Insurance Enterprise (MIE), the British insurance firm said after it opened its representative office in Yangon on September 12. The company joins a growing list of international insurers that have established local offices in Myanmar after the country opened its doors to foreign […]

Two more firms allowed to offer insurance services in dollars

The government has allowed two more companies namely, First National Insurance Co Ltd and Aung Thitsar Oo Co Ltd to offer their insurance services in US dollars after inspecting their capital is free from black MONEY. First National Insurance is owned by tycoon Tay Za’s Htoo Group and Aung Thitsar Oo belongs to military-owned Myawaddy. […]