A process of substantial reform is under way in Myanmar’s insurance industry. The sector is eagerly anticipating a blueprint for liberalisation, though this had not been published as of early 2018. Until it arrives, insurers must navigate a number of challenges, ranging from underdeveloped capital markets that only offer a narrow band of...
Over the past 15 years there has been a steady stream of new sector regulations, with each piece of legislation aligning Myanmar’s banks closer to international standards and best practices. This began in 2002 with the Control of Money Laundering Law, an important first step towards containing this problem. It also signalled to the...
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