Public buses and taxis lack full insurance

Long-distance buses – including those that ply the notorious “Death Highway” between Yangon and Mandalay – lack sufficient insurance coverage, insurance officials say. They have embarked on a campaign to persuade bus companies to take out insurance so they can compensate passengers for their injuries in the event of an accident, and say that many […]

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 […]

Automobile Service Centre Hopes to Revitalise Insurance Sector

The Tokyo Auto Service Japan Co Ltd, an automobile service centre that will not only repair damaged vehicles but also provide automobile insurance services, opened its doors in Yangon. The company said it noticed that car owners from Myanmar are not interested in buying insurance for their cars. Therefore, the company wants to try to […]

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 […]