Willis Group Holdings P.L.C. has opened an office in Myanmar, the broker said Thursday.
The new office in Yangon will give domestic businesses and the insurance industry in Myanmar a point of contact into Willis’s regional and global capabilities and support Willis’ international and Asian client base, the broker said in a statement.
There has been a rise in demand for risk services and products in Myanmar because of political and economic reforms, according to the statement.
“We have seen a growing wave of interest in Myanmar, and this is an exciting time to be opening our doors in Yangon,” Adam Garrard, CEO of Willis Asia, said in the statement.
“Myanmar’s insurance industry is at a relatively early stage in its development, and we are proud to be the first of the larger global brokers with an office there. We hope Willis’ global expertise and experience will help in the development of a strong insurance industry,” Mr. Garrard said.