Myanmar gets ready to welcome foreign insurers

Its fledgling insurance sector may only stretch to snake bite cover but Myanmar is set to open its doors to the big boys of global finance, and it could yet be the making of its bond market.

By the time you reach the end of this sentence someone somewhere deep in the jungles of Myanmar will have suffered what experts at the World Health Organisation call an “envenoming”.

In other words, they will have been bitten by a snake whose venom will either kill them quickly, condemn them to a slow, lingering death or require the amputation of a poisoned limb.

Obviously, after such an event, your first call would be to a doctor and in Myanmar chances are the second would be to your insurance agent. After fire and vehicle cover, insurance against snake bites is one of the most popular policy types...

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