Myanmar opens insurance market to Prudential, Dai-ichi and 3 other foreign firms

YANGON — Myanmar’s government on Friday provisionally authorized five multinational insurance companies, including U.K.-based Prudential and Japan’s Dai-ichi Life Holdings, to establish wholly owned subsidiaries in one of Southeast Asia’s least-insured countries. The Planning and Finance Ministry’s announcement came as a surprise as it had earlier said it would allow only up to three foreign […]