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Myanmar tag returned 12 results

  • AIA, AYA SOMPO and AYA Bank launch strategic bancassurance partnership in Myanmar

    AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar.

    Date : 25 Nov 2020
  • Myanmar: Kyobo Life Insurance gets approval to start business next year

    Kyobo Life Insurance will be able to start selling insurance products in Myanmar by the end of next year after receiving business approval from the Myanmar government.

    Date : 07 Oct 2020
  • Bancassurance: Capital Taiyo Life Insurance and Myanmar Citizens Bank (MCB) to provide life insurance products in Myanmar

    Capital Taiyo Life Insurance and Myanmar Citizens Bank (MCB) have signed a bancassurance agreement to provide life insurance products in Myanmar.

    Date : 31 Aug 2020
  • Myanmar's Reinsurance Revolution

    Myanmar is to allow foreign participation in the reinsurance market as the government moves to allow greater liberalisation of the country's insurance sector. The Insurance Business Regulatory Board (IBRB) - which supervises the insurance industry - had promised for some time that foreign firms would be allowed to compete with local insurance businesses through reinsurance arrangements. William Aung, a consultant covering Myanmar's financial services sectors, who has also worked as a national insurance expert for an Asian Development Bank project, shares with Asia Advisers Network insights on the development.

    Date : 20 Jul 2020
  • AIA ready for insurance partnership in Myanmar

    AIA's new venture in Myanmar will see them partnering local firms such as AYA Financial Group and Max Myanmar Group (AFG Max) to set up a life insurance project, according to local media Myanmar Times.

    Date : 18 Dec 2019
  • Formal insurance licences granted to foreign insurers in Myanmar

    Five foreign insurers and half a dozen joint ventures were granted licences by the Financial Regulatory Department on 28 November 2019 to operate in the Myanmar market.

    Date : 03 Dec 2019
  • Myanmar: Prudential receives licence to operate life insurance business

    Prudential Corporation Asia ("Prudential") has received a life insurance licence from the Ministry of Planning and Finance (MoPF) of Myanmar. The newly-granted licence will allow Prudential to start offering life insurance products and solutions to the people of Myanmar to meet their growing long-term protection and savings needs.

    Date : 28 Nov 2019
  • Chubb launches life insurance operations in Myanmar

    Chubb has launched operations of its 100% owned life insurance subsidiary in Myanmar today (28 Nov). It will offer a range of products designed specifically to meet the protection and savings needs of the people in the nation.

    Date : 28 Nov 2019
  • Myanmar: Fulfilling life's great promise

    Myanmar's insurance industry is preparing for a significant shake-up in the near future with the entry of foreign insurance companies into the market. Industry analysts believe they may be operational within the next three months. This is a central part of the government's financial reforms aimed at attracting foreign investment, starting with the significant liberalisation of the moribund insurance sector. What lies ahead, and what will it take to succeed?

    Date : 01 Jul 2019
  • 5 foreign insurers clinch provisional insurance licences in Myanmar

    Five foreign companies have been granted provisional licences to issue life insurance policies through 100/% subsidiaries as the authorities are finally opening up the Myanmar market.

    Date : 09 Apr 2019