Private companies in Myanmar seek approval to run all types of insurance
Source: Xinhua   2017-04-28 13:49:45

YANGON, April 28 (Xinhua) -- Private companies in Myanmar have submitted their proposal to the government to grant all types of insurance to private sector, the official Global New Light of Myanmar reported Friday.

All 40 types of insurance plus additional farmers insurance and overseas employment life insurance are likely to be granted by the government, U Kyaw Win, Minister for Planning and Finance, was quoted as saying.

Out of 40 types of insurance, state-run Myanmar Insurance has granted licenses for only 12 types of them to private companies.

Of them, travelling insurance, total vehicle insurance, fire insurance and life insurances are the best sellers.

Myanmar Insurance has granted licenses to 11 private insurance companies since May 2013.

Editor: MJ
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Private companies in Myanmar seek approval to run all types of insurance

Source: Xinhua 2017-04-28 13:49:45
[Editor: huaxia]

YANGON, April 28 (Xinhua) -- Private companies in Myanmar have submitted their proposal to the government to grant all types of insurance to private sector, the official Global New Light of Myanmar reported Friday.

All 40 types of insurance plus additional farmers insurance and overseas employment life insurance are likely to be granted by the government, U Kyaw Win, Minister for Planning and Finance, was quoted as saying.

Out of 40 types of insurance, state-run Myanmar Insurance has granted licenses for only 12 types of them to private companies.

Of them, travelling insurance, total vehicle insurance, fire insurance and life insurances are the best sellers.

Myanmar Insurance has granted licenses to 11 private insurance companies since May 2013.

[Editor: huaxia]
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