Asian Insurance

Protection Products Drive Value

Protection Products Drive Value     September 20, 2019  The US Federal Reserve cut interest rates this week as concerns about a global recession continue to grow. The move was widely expected but will put even more pressure on life insurers’ guaranteed savings products.   With large legacy books to manage and weakening growth, companies …

June 12, 2019
Insurance Sector

Myanmar Gives Green Light To 11 Foreign Players

Myanmar Gives Green Light To 11 Foreign Players     November 29, 2019  Myanmar’s Ministry of Planning and Finance (MOPF) on November 28, issued licences to major foreign insurers including UK’s Prudential, US-headquartered Chubb, Hong Kong’s AIA, Japan’s Dai-ichi Life and Canadian firm Manulife.   The government had already granted provisional licences to the aforementioned firms in …

September 6, 2019
Myanmar Insurance

Myanmar Urged To Develop Microinsurance For The Poor

Myanmar Urged to Develop Microinsurance for the Poor   Theint Mon Soe/The Myanmar Times September 10, 2019  Insurance services in Myanmar need to reach out beyond the existing clientele to support households with lower incomes to manage their insurable risks, participants at an industry workshop said.   UK-funded DaNa Facility and the USAID’s Private Sector …

September 10, 2019
Myanmar Insurance

Myanmar Opens Insurance Market To Prudential, Dai-ichi And Others

Myanmar Opens Insurance Market to Prudential, Dai-ichi and Others Nuns walk past the IKBZ Insurance building in downtown Yangon in June 2013. Myanmar’s insurance market is small but is forecast to balloon in the next decade. © Reuters April 06, 2019  YANGON — Myanmar’s government on Friday provisionally authorized five multinational insurance companies, including U.K.-based Prudential and …

April 6, 2019
Medical Insurance

Hong Kong’s IA Publishes Broker Registry

Hong Kong’s IA Publishes Broker Registry     September 23, 2019  As part of the new regulatory regime for broker intermediaries the Insurance Authority has published a register for brokers, agents and technical representatives.   The register is maintained by the Insurance Authority to provide information on a licensed insurance intermediary or a responsible officer in matters …

September 23, 2019