YANGON Authentic Oakland Athletics Jerseys , May 1 (Xinhua) -- Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector.
Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, minister for planning and finance.
Out of 40 types of insurance, the government's Myanmar Insurance (MI) has so far allowed licenses for only 12 types of them with private companies. Of them, traveling insurance Oakland Athletics Jerseys For Sale , total vehicle insurance, fire insurance and life insurance are the best sellers.
MI has granted licenses to 11 private insurance companies since May 2013. Starting from 2015, MI has planned to open up more insurance categories to private companies.
These categories include products like mercantile marine insurance, credit guarantee and health insurance, but it still limits life and general insurance.
The Insurance Business Supervisory Board Cheap Oakland Athletics Jerseys , chaired by Deputy Finance Minister Maung Maung Thein, said at present Myanmar has 11 private insurance companies with its premium income reaching more than 72 billion Kyats (65.45 million U.S. dollars) annually.
The country has insurance penetration of 0.1 percent of GDP, an increase of about 4.5 times compared with one decade ago. However total premium income is small relative to the country's economy.
Following credit guarantee insurance that MI launched in July 2014, health insurance was the second new product before the launch of weather index insurance as its third new product.
Health insurance policies has been introduced for the first time in Myanmar under a one-year trial since July 1, 2015 and people aged between 6 and 65 years are set to be eligible for the health insurance.
In the latest development Andrew Triggs Athletics Jersey , nine local Myanmar private insurance companies began a new version of health insurance sale to local citizens and foreigners in January this year which guarantees to pay partial cost of hospitalization expense and insurance coverage for accidental deaths.
Since 2012, the country has started liberalizing the sector, granting licenses to private companies but restricting them to operating only six kinds of insurance services.
Of the 20 foreign insurance companies waiting to enter Myanmar's insurance market, three have been reportedly to operate in some special economic zones.
By Thuso Khumalo
PRETORIA, South Africa Kendall Graveman Athletics Jersey , April 17 (Xinhua) -- The trial of murder-accused Paralympian Oscar Pistorius continued at the Pretoria High Court on Thursday with defence witness Roger Dixon, a qualified geologist still under cross examination, just before the trial took a two-week break.
Pistorius is charged with murdering his girl friend Reeva Steenkamp on the 14th of February 2013. He shot Steenkamp through a locked bathroom door at his home in Pretoria on Valentine's Day last year. Pistorius says he mistook her for an intruder but the state argues that he murdered Steenkamp following an argument.
State Prosecutor Gerrie Nel continued tearing down Dixon's credibility, arguing that he is not an expert in the fields of pathology, sound Santiago Casilla Athletics Jersey , light and ballistics that he had testified on.
While Pistorius told the court that the magazine rack was not near Reeva when he broke down the toilet door to get to her, Dixon said it was just next to where Reeva fell.
"So whatever the accused is saying, you're saying he is wrong?" Nel asked Dixon.
In response Dixon emphasized the contradiction, "When the deceased fell, the magazine rack was there Matt Joyce Athletics Jersey ," Dixon responded.
It also came out that Dixon failed to ensure that the tests he made to ascertain the amount of light in Pistorius's room and the sequence of the gun shots, were done under similar conditions to those that prevailed on the night when Reeva was killed.
He also admitted that he did not use any scientific instrument to test the amount of light, but only relied on his eyes.
Dixon told the court, "We switched the lights on and off, drew the curtains and looked at the room in various levels of illumination my lady."
When he recorded the sound of the gun and cricket bat in a scene he had reconstructed at a shooting range Marcus Semien Athletics Jersey , he used music producers and admitted that he was not sure if they amplified the sound or not.
"If the sound engineer boosted something on his system to ensure a clean recording, I don't know to what degree it would have been," he said in court.
Ulrich Roux, a legal expert, said Dixon's testimony on fields that are not within his expertise have dented his credibility.
"The first thing that he did wrong was he professed his knowledge on so many different fields and you cannot give an expert opinion on things you are not even properly qualified on Jed Lowrie Athletics Jersey ," Roux said.
Roux also warned that Dixon might have done more damage than good to Pistorius's version of events.
He said, "In my opinion his version will be rejected both on ballistics and the post-mortem findings and the versions of the state witnesses will be accepted."
Earlier, Judge Thokozile Masipa had to demonstrate that she is still in charge of the over three-week trial when it came out that there was commotion in the overflow court accommodating mostly the members of the public and some media personnel.
She warned, "Something disturbing has come to my attention. I believe the people in GC are unruly. They climb on top of the benches, cheer Khris Davis Athletics Jersey , boo and do what they like. I don't want to have to hear this again."
The trial was adjourned to May 5 when the defence is expected to bring its fourth witness.