Prior to the outbreak of Covid-19, Myanmar's insurance sector was going through a period of rapid change following the entry of foreign insurers in 2019. Amid the disruptive environment of the pandemic, the fledgling insurance industry has continued to develop new distribution channels and services in response to shifting demands from the market.
What is driving Growth in Emerging Markets?
Andrew Jeffreys, CEO, Oxford Business Group
Andrew Jeffreys, the CEO and Editor-in-Chief of Oxford Business Group, has identified three main drivers of growth in emerging markets: trade, diversification and human capital. As the list of new economic zones and regional blocs continues to expand, and worldwide trade increases with it, economies are focusing anew on diversifying their sources of income and are channelling resources into the non-oil sector. Sectors such as tourism, finance, health care and construction are seeing massive growth. Education, too, is another growth story, as a highly qualified labour force skilled in vocational and technical training will be necessary to keep up the pace. In this video, Andrew Jeffreys discusses each component of growth in detail.