Myanmar Insurance Industry: Government Directives Favoring Foreign Insurers' Participation to Propel Growth
At the backdrop of commercialized insurance landscape in Myanmar which encouraged private stakeholders' participation offered diversified product portfolio in the recent past, ushering considerable uptick in Myanmar insurance industry. However, the industry has of late experienced significant bottlenecks, limiting growth of insurance industry in Myanmar. Government initiatives for further liberalization directives issued to allow foreign participation is expected to accentuate growth in Myanmar insurance industry.
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