Planing & Finance Ministry hold meeting on insurance development

Deputy Minister U Maung Maung Win addresses the meeting for insurance development in Yangon yesterday.  Photo: Min Htet
Deputy Minister U Maung Maung Win addresses the meeting for insurance development in Yangon yesterday.  Photo: Min Htet

Deputy Minister for Planning Finance U Maung Maung Win and officials held a meeting to seek means for further progress of the domestic insurance industry yesterday at Myanmar Insurance (head office) in Yangon.
Speaking on the occasion, the deputy minister said permits would be issued for the foreign insurance companies that would join the Myanmar market in the near future, and expressed belief that they would be the facilitator for the growth of domestic insurance industry.
He called for intensifying public awareness of the insurance, as most of the people were not familiar with the business till now. “If compared with the industries of the regional countries, ours is much smaller in scope,” added.
“As for our insurance industry to reach the international level, we need systematic schooling of the personnel and agents of the sector,” he suggested. The participants then shared experiences and knowledge sector-wise, and the IBRB members and officials took part in the general round of discussions.—Maung Sein Lwin (Myanma Alinn) (Translated by TMT)

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