Japan to help develop Myanmar’s insurance sector

March 19 2018 by InsuranceAsia News Staff

The Japanese government has announced that it will help Myanmar further develop its insurance sector.

The message of commitment came from Japanese prime minister Shinzo Abe, and was read out by Japan’s ambassador to Myanmar Tateshi Higuchi.

The message was read during the 3rd Myanmar-Japan Joint Economic Conference at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office.

The event was attended by 50 Japanese businessmen and members of UMFCCI.

Myanmar has recently opened its insurance sector to foreign players after decades of monopoly by the state-owned Myanma Insurance.

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