The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
Prudential has announced a regional partnership with Bangkok Dusit Medical Services (BDMS) to provide its customers in Asia access to breast cancer treatment and other related services in Thailand.
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
Judges gathered online on the 6 May 2021 to deliberate and vote on worthy winners drawn from an impressive shortlist in the final round of judging for the 6th Asia Trusted Life Agents & Advisers Awards.
The five foreign life insurance companies in Myanmar have pledged to continue providing financial services and serving customers in the country's current political situation.
AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar.
Kyobo Life Insurance will be able to start selling insurance products in Myanmar by the end of next year after receiving business approval from the Myanmar government.
Capital Taiyo Life Insurance and Myanmar Citizens Bank (MCB) have signed a bancassurance agreement to provide life insurance products in Myanmar.
Myanmar is to allow foreign participation in the reinsurance market as the government moves to allow greater liberalisation of the country's insurance sector. The Insurance Business Regulatory Board (IBRB) - which supervises the insurance industry - had promised for some time that foreign firms would be allowed to compete with local insurance businesses through reinsurance arrangements. William Aung, a consultant covering Myanmar's financial services sectors, who has also worked as a national insurance expert for an Asian Development Bank project, shares with Asia Advisers Network insights on the development.
AIA's new venture in Myanmar will see them partnering local firms such as AYA Financial Group and Max Myanmar Group (AFG Max) to set up a life insurance project, according to local media Myanmar Times.
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