Foreign insurers will be allowed to operate locally by 2018-19: IBRB

29.08.2018

The Insurance Business Regulatory Board (IBRB) will allow foreign insurance companies to do business in the country in the new 2018-19 fiscal year, which will commence October 1, U Zaw Naing, the board’s secretary, said on August 28.

He said the IBRB, which was established by the Ministry of Planning and Finance in 2016, will allow foreign insurance companies to provide life and general insurance policies in 2018-19.

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