fbpx

Why Myanmar’s Insurance Market is the Next Big Thing

Myanmar’s insurance market currently remains closed to foreign insurers, but this is soon set to change. Like banking before it, it is predicted that the Myanmar’s insurance market will be liberalized sometime this year. This presents enormous opportunities but also enormous challenges. Currently, there are 24 foreign insurers with representative offices in Myanmar, which in […]

The insurance queue just got longer

Myanmar has a historic connection with the insurance industry. Almost 80 insurance companies operated in the market from the mid-19th century till the mid-20th century, and a large number of them were foreign companies. But things changed in the 1960s when the industry was taken over by the government and all foreign insurers in the […]

MetLife Eyes Untapped Insurance Market with Rep Office

American life insurer MetLife Inc has launched a representative office in Myanmar in a bid to tap the country’s nascent life insurance industry. MetLife received a licence for its representative office in Myanmar in 2013, along with 17 other foreign insurers. The company said it is now working with government regulators as well as industry […]