Life Insurer from japanese said it has accepted via Grand Guardian Insurance Holding Public Co.,Ltd. as $21 million on sharing of its life insurance to it. Nippon Life
forecast to accomplish the task from September to October, then shall rename the partnership Grand Guardian Nippon Life Insurance Co., .And arguably ,three another
foreign life insurance companies have coorperate to form joint ventures with local partners:Capital Life Insurance, First National Insurance and Citizen Business
Insurance.Canadian Manulife , Hong Kong AIA Japanese Dai-ichi Life, US Chubb and British Prudential were empowered to constitute wholly-owned life insurance
subsidiaries.Insurance districts were opened via permitting lcenses to local private insurers under the state-backed Myanmar Insurance Co,. in Myanmar.
In Burma(Myanmar), insurance entrance stands at equitable 0.07 percent of GDP, with the market priced at US$70 million in 2016-17. There are 30 categories of insurance products now being offered, with property insurance representing 80pc of total non-life income,
according to Myanmar Insurance Association. – Kyodo.Non-life insurers contributed to
more than 70pc of the market.
Reference : www.mmtimes.com