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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. Master of Public Administrations (MPA/EMPA)

A Study on the Development of Insurance Industry in Myanmar ( May Myat Thu Khaing, 2025)

https://meral.edu.mm/records/11793
https://meral.edu.mm/records/11793
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May May Myat Thu Khaing, Roll No-38, MPA 22nd Batch.pdf (805 KB)
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Title
Title A Study on the Development of Insurance Industry in Myanmar ( May Myat Thu Khaing, 2025)
Language en
Publication date 2025-06-01
Authors
May Myat Thu Khaing
Description
The importance of the insurance industry's development in Myanmar lies in its role in fostering financial security, economic stability, and risk management for individuals and businesses. This study aims to evaluate the growth and transformation of Myanmar’s insurance sector over the past two decades, focusing on both life and non-life segments. Utilizing secondary data analysis from 2004 to 2024, the research employs descriptive analysis and correlation regression analysis to uncover trends and relationships between key economic indicators and insurance sector metrics. The main findings reveal a profound shift from a household-dominated, non-life insurance market to a more balanced and diversified industry, with life insurance participation and institutional involvement rising significantly in recent years; strong positive correlations were identified between GDP growth and both life and non-life insurance deposits, while non-life insurance depositor numbers were less tied to macroeconomic expansion. Based on these results, it is recommended that continued regulatory reforms, public awareness campaigns, financial literacy initiatives, and innovative product development are crucial to ensuring the sustained growth, inclusivity, and resilience of Myanmar’s insurance industry.
Thesis/dissertations
Yangon University of Economics
U Khun Maung Gyi
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