The Myanmar government is preparing to liberalise the insurance market and allow in foreign players, but it’s unclear whether that will be on a joint venture or fully owned subsidiary basis. Mr Ng Keng Hooi, group chief executive and president of AIA Group, discusses the state of the insurance market, his company’s plans for Myanmar and the perceived lack of independence of the local regulator with Frontier’s Kyaw Ye Lynn.
The March 28 earthquake rattled Myanmar’s fledgling insurance industry, with companies that offered quake coverage now obligated to pay out massive amounts of compensation in.
BY Frontier
