Eleven foreign companies licensed to operate in Burma

The Burmese insurance market welcomes 11 new companies increasing, thus, the number of insurers to 20.

Newcomers include:

• 5 wholly foreign-owned companies:
  • AIA Myanmar Life Insurance Company,
  • CHUBB Life Insurance Company,
  • DAI-ICHI Life Insurance Myanmar,
  • MANULIFE Myanmar Life Insurance Company
  • Prudential Myanmar Life Insurance.
• 3 joint-ventured life insurance companies
  • CB Life Insurance Company,
  • Capital TAIYO Life Insurance
  • Grand Guardian Nippon Life Insurance Company
• 3 joint-ventured composite (life and general) insurance companies
  • AYA SOMPO Insurance Company,
  • Grand Guardian Tokio Marine General Insurance Company
  • KBZ MS General Insurance Companies.

Read also | Three foreign insurers forced to cancel investments in Myanmar