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Government allows six JVs among local and foreign insurers

The Ministry of Finance and Planning (MOFP) announced the successful applicants for life and non-life insurers to be operated under joint ventures between locals and foreigners on July 31. For non-life insurance, the MOFP has allowed AYA Myanmar General Insurance Company and Sompo Japan Nipponkoa Insurance, Grand Guardian General Insurance Company and Tokio Marine, Nichido […]

Announcement of Non-Life Insurance Winners by MOPF

THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF PLANNING AND FINANCE ANNOUNCEMENT NO (4 /2019) 15th Waning of Waso, 1381 ME (31 July 2019) Announcement of successful applicants for non-life insurance business in Myanmar to be operated by a joint venture between a Myanmar insurer and a foreign insurer (“Non-Life Insurance JV”) Following the […]

Invitation Letter for Expression Of Interest (EOI) To Form Joint Venture to carry on Non-Life Insurance Business in Myanmar. Closing Date 11 Feb 2019

The Government of the Republic of the Union of Myanmar (“the Union Government” or “the Government”) has started the process of reform in the insurance sector by granting licences to local insurers since 2013. Since then, there has been a number of local insurers and foreign representative offices established. In order to increase foreign investment […]