Country: Myanmar Page 1 / 3
-
- December 2 2024
Yagi third costliest typhoon in Asia with US$1bn insured loss: Munich Re
Early estimates of the overall losses from the typhoon season are thought to be around US$22bn, with insured losses of US$2bn, the reinsurer said.
-
- April 23 2024
Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
-
- September 11 2023
US sanctions jet-fuel shipments to Myanmar: IGP&I
While restrictions apply only to fuel for military purposes, in practice, it may be impossible to prove that shipments are only for civil aviation, which may lead to exclusions in P&I cover.
-
- April 12 2023
Crawford partners with Vietnam’s NorthStar
The tie-up between the loss adjusters is designed to strengthen service and improve customer experience across the region of Cambodia, Laos, Myanmar and Vietnam (CLMV).
-
- January 3 2022
Tokio Marine appoints Asia CEO
Masahito Hirai has switched from the firm's Malaysia operations to be based in Singapore.
-
- November 5 2021
Sun Life Vietnam poaches AIA exec for CEO role
Luc Nhon Ly was most recently chief executive of AIA Myanmar.
-
- September 29 2021
HDI Global appoints Asean claims head
Singapore-based Raymond Ong joins the industrial lines insurer from Willis Towers Watson.
-
- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
-
- August 4 2021
Lloyd’s players highlight strong demand for political violence cover
Strikes, riots and civic commotion (SRCC) rates generally flat in Asia except for distressed regions such as Myanmar.
-
- March 2 2021
Myanmar cargo rates unchanged despite protests: source
An Asia-based marine broker told IAN that Lloyd's is unlikely to designate the country as a listed area.
-
- December 29 2020
RCEP to comprise 25% of global premiums
Asian trade deal will come into force in 2021 and boost premiums by US$9.6bn by 2030.
-
- September 30 2020
First Korean life player given Myanmar green light
The firm is now in search of a local partner to set up a JV.
-
- July 28 2020
Sachin Shah to join Manulife
He will manage emerging markets in South-East Asia and previously led AIG's GI APAC operations.
-
- February 7 2020
Japan and Singapore team up for Asia nat cat risk scheme
The protection programme will support lower income countries.
-
- January 6 2020
Will Asia’s markets hum in 2020?
The fundamentals are strong despite increasing uncertainty.
-
- November 29 2019
Myanmar gives green light to 11 foreign players
Issuance of operational licences will breathe life into the market.
-
- August 23 2019
Taiyo Life to acquire 35% stake in Myanmar Capital
The firm is the latest Japanese player to have a stake purchase in a Myanmar insurer approved.
-
- August 19 2019
Thai Life agrees 35% stake in Myanmar’s CB Insurance
The Thai player wants to bring its actuarial and managerial expertise to Citizen Business Insurance.
-
- August 2 2019
MSIG secures stake in Myanmar’s IKBZ
Japanese giant secures 10% of Myanmar's largest P&C player; five other foreign players also granted JV status.
-
- July 25 2019
Myanmar’s premiums could grow to US$2.5bn
Survey from country's leading insurer IKBZ points to rapid growth ahead.
