Click here to watch MITV coverage (in English) of the 2019 edition on National TV 8pm News…

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On 2 January 2019, the Myanmar Ministry of Planning and Finance (MoPF) issued an Announcement (Announcement No. 1/2019) paving the way for foreign insurers to enter into the country’s largely untapped insurance market as part of an ongoing process to liberalise the sector. On 5th April, Myanmar’s government provisionally authorized five multinational insurance companies to establish wholly owned subsidiaries.  By May,  the government will choose  other foreign insurers allowed to form joint ventures with local providers under a 35% ownership cap.

It marks the first time that the heavily-state-controlled economy has allowed foreign ownership in its fledgling insurance market, which was estimated to be worth only $13 million in life insurance premium revenue as of 2017. 

Myanmar is one of the last frontiers in Asia that offers tremendous potential, with general insurance growing at 16.1% a year and life insurance at 25.3% a year, and with insurance density only estimated to be US$0.99537 and penetration at 0.07%.   These recent developments present exciting market potential for both foreign and local insurers.

What changes are expected on the Myanmar insurance landscape?  How should you position your organisation to leverage on the opportunities presented?   A business-as-usual attitude will not help you.  Seize the first mover advantage now!

The Biggest Names in the International and Local Insurance World will Come Together to Build Fruitful Partnerships, Probe New Ideas and Learn from Their Industry Peers!

Why Attend

Independent and Authoritative

The only insurance summit bringing together regulators, policy advisers, international & local insurance players and investors.

Seize Opportunities

Probe the exciting opportunities for market participants.

Learn

Learn from regulators, policy markets & investors on the latest plans, targets & critical success factors.

Risk Management

Evaluate the complexities involved in each investments and how to maximise your ROIs.

Evaluate

The business case for technology adoption & customer delivery.

Network

Meet with key stakeholders & decision makers that are transforming the industry landscape.

Best Practices

Profit from Strategies & technical know how from successful operations and projects in the region.

Who should attend the summit?

Insurance Companies, Agencies and Brokers

Reinsurance

Bancassurance

Insuretech

Legal Advisers

Business Advisory Services

Regulators

Technology Consultants

CEOs, COOs and Risk Managers from Leading Corporates and Business Enterprises