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Myanma Insurance

မြန်မာ့အာမခံ

70Score

★★☆☆☆2.8

Customer satisfaction · 0 members

IBRB: State-Owned Insurer (Largest by Legacy)(2026)

Myanma Insurance is the state-owned monopoly insurer that was the sole provider of insurance in Myanmar until 2013. It has the widest coverage in the country by legacy infrastructure and offers both compulsory and voluntary insurance products.

Overall Score

70/100

Founded

1952

Headquarters

Naypyidaw

Type

public

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Key Metrics

Ownership

Government-owned

Legacy

Sole insurer until 2013

Coverage

Widest legacy network

Editorial Ratings

IBRB: State-Owned Insurer (Largest by Legacy)(2026)

Rating: State-owned monopoly insurer — widest legacy coverage (max: #1)

70IBRB

Coverage Highlights

✓Compulsory and voluntary insurance products
✓Widest coverage in Myanmar by legacy infrastructure
✓State-owned with government financial backing

Pros

✓Government-backed financial security
✓Widest legacy network across Myanmar
✓Compulsory insurance provider

Cons

✗Government bureaucracy impacts service
✗Limited product innovation
✗Service quality issues reported
✗Political instability impacts operations

Frequently Asked Questions

Is Myanma Insurance government-owned?

Yes. Myanma Insurance is a state-owned entity that was the sole insurance provider in Myanmar until the market was liberalized in 2013.

Is Myanmar's insurance market reliable?

Myanmar's insurance market is very nascent with extremely low penetration. Political instability since the 2021 coup has significantly impacted market development and data reliability.

Quick Summary

InsurerMyanma Insurance

Country🇲🇲 Myanmar

Overall Score70/100

Satisfaction2.8/5

Members0

Typepublic

Founded1952

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