Foreign insurers have pumped USD 127 million into Myanmar
A new rule allowing foreign insurers to operate in Myanmar has resulted in over USD 127 million in foreign direct investment (FDI), according to a report by the Myanmar Investment Commission (MIC). The Ministry of Planning, Finance and Industry began
Joint-Venture Model Fuels Financial Liberalization
For Myanmar’s insurance sector joint-ventures (JVs) constitute a powerful mean to liberalize the market. Last April, the Ministry of Planning and Finance (MoPF) granted five foreign insurance providers the provisional right to be registered as a 10
Nippon takes stake in Myanmar insurer
Nippon Life Insurance has announced it will take a 35 percent stake in Myanmar’s Grand Guardian Life Insurance Company (GGLI) in a deal worth USD 21 million. According to a report in Dealstreet Asia, the deal is expected to be completed by October
Five foreign insurers to be allowed to operate in Myanmar
The Ministry of Planning and Finance has announced the names of the five foreign insurance companies that will be allowed to operate in the Myanmar market. Analysts hope the entry of foreign insurers will bring a much-needed boost to the country’s
Foreign insurance firms could begin operating by mid-2019
A government official has said that foreign insurance providers will receive licences to begin operations in Myanmar by April 2019, according to a report in the Myanmar Times. The article quoted U Thant Sin, director of the Financial Regulatory Depar
