Virus Adds to Challenges for Myanmar Insurance Sector

Description: 

"Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The Covid-19 crisis has disrupted Myanmar’s efforts to develop its fledgling insurance industry. At the same time, it’s showing why coverage is important, according to Dai-ichi Life Insurance Myanmar Ltd. The crisis highlights the value of health-care and life coverage in a nation where only about two out of 10,000 people have insurance, said Zarchi Tin, the firm’s chief executive officer. An economic slowdown may make premiums less affordable for some people, she said. “Like most companies, Covid-19 has brought disruptions to our business,” Zarchi Tin said in a telephone interview Friday. “It’s also made us more agile..."

Creator/author: 

Khine Lin Kyaw

Source/publisher: 

"Bloomberg News" (New York)

Date of Publication: 

2020-04-27

Date of entry: 

2020-04-28

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good