Prognosis

Virus Adds to Challenges for Myanmar Insurance Sector

  • Dai-ichi Life offers grace periods for some amid slowdown
  • Covid-19 crisis could spotlight rationale for buying coverage

Firefighters wearing protective clothing spray disinfectant along a street as a preventive measure against the spread of Covid-19 in Yangon, Myanmar on April 23.

Photographer: Sai Aung Main/AFP via Getty Images

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The Covid-19 crisis has disrupted Myanmar’s efforts to develop its fledgling insurance industry. At the same time, it’s showing why coverage is important, according to Dai-ichi Life Insurance Myanmar Ltd.