Comprehensive Auto Insurance Still a Hard Sell

  Approximately 20 percent of vehicle owners have bought a comprehensive coverage insurance policy despite the rising number of motor vehicles used for transportation. According to the state-run insurer Myanmar Insurance Enterprise (MIE), the number of vehicles users are increasing day by day, but only a few have purchased full coverage so far due to […]

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 […]

MIE Insures over 8,700 Cars in 2013-14FY

A total of 8,742 automobiles have been insured with the state-run Myanmar Insurance Enterprise (MIE) during the 2013-14 fiscal year, according to recently released data. Although there are approximately 600,000 automobiles in Myanmar, only a meagre two percent of these vehicles are insured under comprehensive coverage, according to U Aye Min Thein, director general of […]