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Economy

Myanmar's nascent insurance market is not for the impatient

Sompo Japan Nipponkoa Insurance holds a launch ceremony in Yangon.   © Sompo Japan Nipponkoa Insurance

YANGON -- To maintain retirement insurance in Myanmar, people have to go through a yearly hassle. They must line up at the headquarters of state-owned Myanmar Insurance -- a building in the capital's financial district with a dark, muggy lobby -- to pay their annual premiums and renew their policies.

     But this is likely to change in the years to come.

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