Myanmar opens up insurance sector for foreign players

Photo: Juliet Shwe Gaung. Pedestrians pass by CB securities in Yangon.

Myanmar is all set to open up its insurance sector.

Up to three foreign life insurance companies, that will be allowed to operate under a 100 per cent investment scheme, will receive a provisional licence by the end of March 2019 and they will likely start operations by July, said Thant Sin, director general of the financial regulatory department under the Ministry of Finance and Planning.

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