Myanmar Project Bank

Integrated Insurance Solutions Project

Project Factsheet
Status:
Implementation
Start:
FY2019-2020
End:
FY2023-2024

Project Description

The project involves development of an online system and mobile payment system for insurance application processes, in person assessment, premium rate setting, issuance of insurance policy, and claim settlement process.

Project Expected Benefits

The project is expected to provide effective, better and quicker service to insurers; gain the trust of customers by becoming an institution that meets international standards; and bring closer relationship between the government and the people through G2B and G2C digital online services. It will likewise support realization of the Digital Government Strategy and implementation of e-Government initiatives.

Locations

Ayeyarwady Region; Bago Region; Chin State; Kachin State; Kayah State; Kayin State; Magway Region; Mandalay Region; Mon State; Nay Pyi Taw Union Territory; Rakhine State; Sagaing Region; Shan State; Tanintharyi Region; Yangon Region

Total Project Cost

3.00M

Financing Type

Public Domestic Financing

Implementing Government Agency

Myanma Insurance

Myanmar Sustainable Development Plan Alignment

  • Pillar 1:
    Peace & Stability
  • Pillar 2:
    Prosperity & Partnership
  • Pillar 3:
    People & Planet
  • Goal 1
  • Peace, National Reconciliation, Security & Good Governance
  • Goal 2
  • Economic Stability & Strengthened Macroeconomic Management
  • Goal 3
  • Job Creation & Private Sector Led Growth                           
  • Goal 4
  • Human Resources & Social Development for a 21st Century Society
  • Goal 5
  • Natural Resources & the Environment for Posterity of the Nation

Contact Detail

Daw Hnin Hnin Kyaing
Manager/Myanma Insurance, Ministry of Planning, Finance and Industry
md-mi@mminsurance.gov.mm