Thailand: Pacific Cross Health Insurance eyes Myanmar

From ASIA INSURANCE REVIEW - December 3rd, 2015. 

Thailand: Pacific Cross Health Insurance eyes Myanmar

Thai health insurer, Pacific Cross Health Insurance, will expand into Myanmar next year, with plans to cooperate with state-owned Myanmar Insurance through reinsurance.

The insurer is in the process of planning this business. It believes that Myanmar is the most attractive for investment now as purchasing power is rising, reported The Nation newspaper.

Mr Tom Thomson, CEO of Pacific Cross Health Insurance, said in an interview with the newspaper that the company had drawn up a business plan for the next five years to 2020, targeting growth in gross premium income of 40% per year to reach THB1 billion (US$28 million)

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