Myanmar has enjoyed one of the most rapid and successful deployments of telecommunications infrastructure around the world, in part due to a regulatory framework that allows multiple operators to share the use of cell towers. This has ensured building and maintaining infrastructure is cost effective for the companies involved, as they can on-...
With the world digitalising at an increasing rate, the threat of cybercrime has risen dramatically in recent years, and emerging markets are no exception. While the shift towards online platforms – along with the development of the internet of things, smart cities and blockchain technology – is generating significant opportunities for wealth...
Recent years have seen Myanmar’s insurance sector take significant steps forwards, with liberalisation giving rise to a number of foreign insurance companies entering the market. At the same time, the country’s financial sector governance has been strengthened, while the economy has continued to grow. These developments bode well for the...
November 2019 saw five foreign life insurance companies gain licences to operate fully owned subsidiaries in Myanmar, heralding the start of a new chapter in the industry’s history. At the same time six joint ventures between foreign and local insurers were also licensed, with this, too, set to have a strong impact on the dynamism of the...
Where should insurers look to increase insurance penetration rates in the consumer market?
The pace of reform in Myanmar’s banking sector has been increasing in recent years, with liberalisation taking a major step forwards in November 2019 when the Central Bank of Myanmar (CBM) announced that foreign banks would be able to get a licence to engage in onshore retail through a subsidiary or joint venture from 2021. These steps follow...
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