Summit to Deliver Insights on Myanmar Insurance Market Opportunities

YANGON, Myanmar - 22 March 2019 – In a long awaited move, foreign insurance providers have finally been given the green light to operate in Myanmar.

Myanmar is the last frontier in South East Asia that has a great potential insurance market, with general insurance growing at 16.1% a year and life insurance at 25.3% a year, and with insurance density only estimated to be US$0.99537 and penetration at 0.07%. This liberalization is expected to accelerate economic growth through risk transfer and dramatic transformation is likely to affect the insurance industry over the coming months.

Magenta Global (Singapore), in consultations with the industry regulator and players, will be hosting a two-day summit providing a platform for the gathering of local, regional and international participants.

INTO MYANMAR Insurance Summit 2019 will be taking place at the ParkRoyal Hotel Yangon in Myanmar from 11-12 June. A distinguished panel of speakers has been invited to discuss the changing insurance landscape and how to position for growth.

Key topics to be deliberated include sectoral market outlook and growth opportunities; structuring joint ventures and strategic alliances; microinsurance; crop insurance; reinsurance; bancassurance; emerging technologies to improve operational efficiencies; distribution channels and corporate risk management.

Conference organizer Magenta Global (Singapore)'s CEO, Maggie Tan, commented: “This is the first conference following the announcement by the Myanmar Ministry of Planning and Finance (MoPF). The Summit will provide an opportunity for the industry to investigate first-hand the changing insurance landscape and get clarity on the regulation to enable this sector to grow and evaluate strategic options and collaboration to move the industry forward.”

Co-located alongside this Summit is the 4th Emerging Asia Banking & Fintech Summit, which will see a gathering of bankers, MFIs, central bankers and fintech industry players – an excellent networking and sharing of best practices with industry peers.

For more Summit information, contact Jose at +65 6846 2366 or email jose(at)magenta-global.com.sg.

Magenta Global is a premier independent, multi-disciplinary business media company. The company is committed to providing specialist, pragmatic and high-value information and knowledge to business executives and professionals worldwide. Magenta Global is dedicated to equip businesses with research information, events, trade exhibitions, training solutions and peer-to-peer executive programs.

Magenta Global serves clients with a global portfolio of more than 100 events covering various verticals and geographies. Key focus areas are: Energy & Renewables; Telecoms & IT; Pharmaceuticals and Healthcare; Banking and Insurance; Business Management & Strategy; Agribusiness & Softs; Mining & Metals; Infrastructure & Investment; and Maritime & Trade.

In each of the sectors, Magenta Global organises training courses, specialist business forums and international conferences and exhibitions. Working in close partnership with both industry and governments, these events serve to provide cutting-edge information and a networking platform, acting as vehicles to promote investments, commerce and technology transfer.

Magenta Global Pte Ltd
Address: Block 53 Sims Place #01-150, Singapore 380053
Contact: Jose Carpio
Phone: +6568462366
Email: jose@magenta-global.com.sg

This release was published on openPR.