ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Foreign insurers bring disruption in untapped Myanmar market

Prudential and Sompo Japan to launch products using advanced technologies

Street vendors sell vegetables in Yangon. For many locals, it has been standard practice to cope with risks without insurance. (Photo by Ken Kobayashi)

YANGON -- Myanmar's insurance market will soon face a sea change led by technologies and expertise brought in by foreign companies.

A total of 14 foreign insurers will enter the Southeast Asian country's market by the end of this year through either wholly owned subsidiaries or joint venture companies with local peers, the Nikkei Asian Review has learned.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more