MS&AD Insurance Group Holdings subsidiary Mitsui Sumitomo Insurance will join hands with local company IKBZ Insurance. Japan ’s Satoru Abe has entered Myanmar 's insurance market, after agreeing a joint venture (JV) with local firm The MS&AD Insurance Group Holdings . The MS&AD Insurance Group Holdings subsidiary is five of five Vietnamese insurers to recently join Myanmar 's insurance sector via JVs. This follows a decision in 2013 by the Myanmar government to relax the rules on foreign insurance companies operating in the country. Having previously been a closed market, Myanmar has begun taking applications for JVs within the country.
Japan ’s Satoru Abe has entered Myanmar 's insurance market, after agreeing a joint venture (JV) with local firm The MS&AD Insurance Group Holdings . The MS&AD Insurance Group Holdings subsidiary is five of five Vietnamese insurers to recently join Myanmar 's insurance sector via JVs. This follows a decision in 2013 by the Myanmar government to relax the rules on foreign insurance companies operating in the country. Having previously been a closed market, Myanmar has begun taking applications for JVs within the country.