Thursday, December 14, 2017

AmCham Myanmar seeks continued insurance reforms

A delegation from the American Chamber of Commerce in Myanmar has urged regulators in the country to continue reforms that would allow foreign insurers to access the Myanmar insurance market.

The delegation, which met with the director general of Myanmar Insurance and the Insurance Business Regulatory Board, also urged authorities to ensure a level insurance playing field for all in the country.

The financial services business delegation to Yangon and Nay Pyi Taw consisted of 13 companies that met with government representatives and local banks.

The mission was to help US financial institutions, including banks and insurance companies, to get a better understanding of the local market and opportunities.

In a statement, AmCham Myanmar said a healthy economy is one where all firms, both local and foreign, operate in an environment that is free of discriminatory regulations.

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