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

Foreign insurers scrap Myanmar launches over last-minute policy change

New condition throws cold water on plans by Thai and South Korean players

An insurance agent speaks to prospective customers at an office in Yangon. (Photo by Yuichi Nitta)

YANGON -- Three foreign insurance companies have canceled plans to launch operations in Myanmar after the government tweaked the requirements at the last minute.

Thailand's Muang Thai Insurance and Muang Thai Life Assurance, as well as South Korea's DB Insurance, could not finalize agreements with local partners, an industry insider said.

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