Myanmar to open ins. to foreign companies
Friday, 09 21 2018, Category: Insurance and Reinsurance, Country: Asia
Myanmar’s Insurance Business Regulatory Board has recently announced a program of reform for Myanmar’s insurance sector, expected to allow foreign insurers to do businesses in Myanmar in the very near future.
The program of reforms is expected to open the following activities, among others, and within limited conditions, to foreign insurers:
• Sale of life and non-life insurance policies to the general public;
• Underwriting a wide range of insurance products and services; and
• Insurance brokerage and agency.