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AYA SOMPO’s unique approach is to go beyond protecting you to providing you and your loved ones with peace of mind. For now and for the future.
AYA SOMPO’s unique approach is to go beyond protecting you to providing you and your loved ones with peace of mind. For now and for the future.
As a general insurance service provider, AYA SOMPO Insurance provides nationwide service to tens of thousands of retail and corporate customers through its vast network and maintaining its own head office at the heart of the commercial city, Yangon.
AYA SOMPO Insurance is present in 45 major cities across Myanmar and with more than 500 employees to serve the insurance needs of our customers. As a member of one of the largest financial groups in the country, AYA SOMPO Insurance combines local knowledge and network with international expertise. AYA SOMPO Insurance has been a member of the UN Global Compact since 2015.
To be recognized as “Your Partner for Life” providing Peace of Mind Insurance Solutions to Customers.
Solutions: providing customer-centered innovative insurance solutions for you and your loved ones.
Beyond: going beyond to ensure guaranteed protection beyond now, for the future.
Peace of Mind: providing the right protection against uncertainties of tomorrow.
Through innovative solutions, we provide peace of mind. For now and for the future.
Making a positive impact on society beyond our core business operations
2019
2019
2020
2020
2021
2021
2022
2022
2023
2023
2024
2024
2025
2025
2026
2026
2026
2025
2024
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2020
2019
Chairman
Vice Chairman
Director
Chief Executive Officer
Non-Executive Director
Chaired by Vice Chairman and comprised of senior management including Chief Executive Officer, Chief Operating Officer, Chief Financial Officer and Head of Audit, Risk and Compliance. External auditors may be invited as required.
The committee makes recommendations to the Board on: (i) the proposals to the shareholders on the appointment and removal of external auditors; and (ii) the remuneration and terms of engagement of the external auditors. The selection process for appointing an auditor must focus on auditors having at least knowledge and understanding of insurance industry, insurance reserve valuation and insurance business operation. The committee monitors the effectiveness of regular reports from the Audit, Risk and Compliance, and legal functions. The committee reviews financial statements, procedures and systems of internal control over financial reporting. The committee reviews arrangements for compliance with the requirements stipulated by the regulators and receives reports on the audit, risk, and compliance matters of the company. The committee also reviews and guides the Enterprise Risk Management framework and recommends risk philosophy and tolerance for Board approval, defines the company’s risk appetite and reviews risk management policies, procedures, and processes proposed by related stakeholders and departments.
Chaired by a Director and comprised of senior management including Chief Corporate Affairs Officer and Head of Human Resources. The committee is responsible on behalf of the Board of Directors to review succession plans for directors and the appointment and/or replacement of key management personnel; assess process and criteria for evaluation of the performance of the Board, the committees and directors; oversee company performance metrics and annual key performance indicators; and review the appointment and re-appointment of directors. The committee also reviews a framework of remuneration for the Board and key management personnel and the specific remuneration packages for each director as well as for the key management personnel.
Chaired by Non-Executive Director and comprised of senior management including Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer. The committee carries out the responsibilities delegated by the Board of Directors regarding recommendation of investment policy that lays down the operational framework for investment operations, and encompasses aspects concerning liquidity for smooth operations, compliance with prudential regulatory norms on investments, risk management/mitigation strategies to ensure commensurate yield on investments and above all protection of reserves and capital, which will be approved and adopted by the Board.
Chief Executive Officer
Chief Operating Officer
Chief Business Officer
Chief Corporate Affairs Officer
Principal Officer
Chief Financial Officer
Chief Sales & Marketing Officer
Chief Innovation Officer
Led by the appointed Chief Actuary and comprised of senior management including Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, and management members from Claims and Corporate Strategy. The committee ensures accurate and appropriate estimation of insurance reserves. The committee focuses on maintaining financial stability, complying with regulatory requirements, managing risk, and conducting thorough actuarial analysis and review. The committee supports the company's financial health, enables effective risk management, and ensures the availability of funds to meet future insurance claim obligations.
Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer and Chief Sales & Marketing Officer. The committee sets annual targets across the Bancassurance business in line with the company’s business strategy, executes to achieve set targets, monitors performance against targets, and makes improvements. The committee works closely with bank partner(s) and is responsible to create long-term sustainable business for the company as well as to implement strategy for marketing, distribution, and promotion of general insurance products through partner banks.
Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer, Chief Sales & Marketing Officer and management members from Corporate Strategy. The committee strategically plans the Company’s short, medium and long-term business sustainability with respect to its vision and mission and in response to market conditions. The committee directs the Company’s long-term business plan and sets the strategic vision, mission and goals for the years ahead. It aims to effectively represent and promote the interests of the Company with a view to providing long-term value and sustainability. The committee is accountable to Management and Board members and is responsible for the Company’s business planning.
Led by Chief Executive Officer and comprised of senior management including Chief Operating Officer, Chief Business Officer and Chief Sales & Marketing Officer. The committee effectively represents and promotes the interest of the company with a view to providing long-term value and sustainability for the company. The committee is responsible to explore potential business opportunities that create long-term sustainable business for the company and to implement strategy for marketing, distribution and promotion of general insurance products. The committee is accountable to the Management and Board members, and as such is responsible for the overall business growth, better customer services, serve good purpose to the industry and expand distribution channels to enhance company’s network, brand and value.
Led by Chief Operating Officer and comprised of key management members from Operations, Customer Experience, Corporate Communications, and Claims. The Service Excellence Committee (SEC) aims to provide oversight into service quality standards and to promote and maintain positive customer experience. The objectives of the SEC are to embark on activities that would improve and enhance customer service and ensure positive customer experience in line with the company’s strategic plan.
Led by Chief Corporate Affairs Officer and comprised of senior management including Principal Officer, management members from Claims, Operations and Legal Officer. The committee reviews claim management processes, evaluates loss adjustment procedures, including the quality in decision making on claim disbursements and the evaluation process on the need of external loss adjustment teams. The committee also oversees the effectiveness and administration of claims-related policies, recommends enhancements to the policy or procedures, and approves larger claims.
FAQ
AYA SOMPO Insurance was established in 2019 as a joint venture between AYA Myanmar Insurance and SOMPO Holdings of Japan. The company combines local market knowledge with international expertise to provide general insurance services in Myanmar.
The Board of Directors provides strategic oversight and corporate governance for AYA SOMPO Insurance. Its responsibilities include approving business strategies, overseeing risk management, safeguarding shareholder interests, and ensuring compliance with regulatory requirements.
AYA SOMPO maintains corporate governance through dedicated Board Committees, including the Audit Committee, Risk Management Committee, and Remuneration & Nomination Committee. These committees oversee financial reporting, risk management, executive appointments, and compliance matters before reporting their findings and recommendations to the Board of Directors.
The Board of Directors provides strategic direction, governance, and oversight, while the Management Team is responsible for the day-to-day operation of the business. Led by the CEO and senior executives, the Management Team implements business strategies, manages operations, and delivers company objectives approved by the Board.
AYA SOMPO's Management Committees support effective business operations, financial oversight, and regulatory compliance. Key committees include the Business Development Committee, Business Plan Committee, Claims Assessment Committee, Purchasing Committee, Bancassurance Committee and Service Excellence Committee which assist management in monitoring financial risks, compliance requirements, internal controls, and operational performance.
လမ်းမထက်မှာ မောင်းနှင်တဲ့အခါ ယာဥ်အန္တရာယ်ကင်းဝေးအောင် ကြိုတင်တွက်ဆထားသင့်သလို မထင်ထားတဲ့ပြဿနာတွေကြုံလာရတယ်ဆိုရင်လည်း အကောင်းဆုံးဖြစ်အောင် ဘယ်လိုဖြေရှင်းမလဲဆိုတာ စဥ်းစားထားရပါမယ်။ အပူအပင်ကင်းကင်း ပျော်ရွှင်စွာမောင်းနှင်နိုင်ဖို့ တစ်ခုတည်းရှိတဲ့...
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Daw Thazin Aung
Non-Executive Director
Daw Thazin Aung is a Non-Executive Director of AYA SOMPO Insurance, a joint venture company between AYA Myanmar Insurance and Sompo Japan Insurance Inc., and a member of AYA Financial Group.
Daw Thazin Aung presently holds the position of Chief Executive Officer of AYA Bank PCL. In her capacity with AYA Bank PCL, she takes charge of business development management and making strategic decisions to ensure the Institution’s sustainable and profitable growth.
In addition to her role as Chief Executive Officer, she also holds several positions within AYA Financial Group. With AFG, she takes charge of AYA Trust Securities Co., Ltd. as the Managing Director for Capital Market Activities including securities brokerage and Corporate Finance Transactions. From her capacity with Corporate Finance activities, she oversees and monitors diversified investment portfolios that include existing, on-going, and new business ventures of Chairman’s investment office as well as new Mergers and Acquisitions, Joint Ventures with Potential Partners for AYA Financial Group’s entities and/or investment in new ventures. She holds a master’s degree in business administration (Corporate Finance) from Nottingham Trent University. Before joining AYA Financial Group, she was a PwC Advisory Partner and local Lead Director/Partner for PwC Myanmar. She has over 16 years of professional experiences including 11.5 years with PwC Singapore and PwC Myanmar for audit, financial advisory and consulting and 5 years in the Maritime service industry in Myanmar.
Mr. Taichi Yamamoto
Director
Mr. Taichi Yamamoto is a Board of Director at AYA SOMPO Insurance. Mr. Taichi Yamamoto has held various senior management positions both in Japan and overseas, including as a Director, Senior Vice-President for Business Operations and Chief Risk Officer at PGA Sompo Insurance Corporation (Manila), and a Managerial position at Sompo Japan Insurance (Singapore) Pte Ltd. He has a vast experience in insurance business and has been with the Sompo Group since 1997.
Mr. Taichi Yamamoto is currently managing SOMPO P&C Office at Sompo Holdings, Inc. (Tokyo) since June 2025. He holds a Bachelor of Economics from Tokyo University, Japan, and Master of Business Administration (MBA) from Hitotsubashi University, Japan.
U Myo Min Thu
Chief Executive Officer
U Myo Min Thu is the Chief Executive Officer of AYA SOMPO Insurance, a leading general insurer in Myanmar, and a joint-venture between AYA Myanmar Insurance and Sompo Japan Insurance Inc. Since 2019, he has led the company’s strategic growth and transformation, strengthening its market leadership through digital innovation, operational excellence, and customer-focused solutions. With over 15 years of leadership experience across the insurance, banking, and aviation sectors, he brings a strong track record of building and scaling businesses in emerging markets.
Under his leadership, AYA SOMPO Insurance has strengthened its position as a market leader, with a focus on digital innovation, operational excellence, and customer-centric insurance solutions that expand access to insurance services across the country.
Prior to his current role, U Myo Min Thu had held management positions in Singapore and overseas, where he developed deep expertise in managing teams from different cultural backgrounds, focusing on commercial strategy, operations, and organizational transformation. He brings to the country his wealth of knowledge, international exposure, and experience. He holds a bachelor’s degree in Banking and Finance from the London School of Economics and an MBA from Edinburgh Business School (Heriot-Watt University). Passionate about advancing inclusive financial services, he is committed to shaping the future of Myanmar’s insurance industry by building resilient, digitally enabled organizations.
U Than Zaw
Vice Chairman
U Than Zaw is the Vice Chairman of AYA SOMPO Insurance, a joint venture company between AYA Myanmar Insurance and Sompo Japan Insurance Inc., and a member of AYA Financial Group.
U Than Zaw played a pivotal role in establishing AYA Myanmar Insurance (AMI) as the Managing Director when the market liberalized for private insurers in 2013. He was appointed as the Managing Director to AYA Bank from 2011 to 2013 and presently holds the position of Vice Chairman at AYA Bank PCL. During his tenure, he has led the emerging bank in expanding its brand presence and branch network across Myanmar.
U Than Zaw’s extensive experience includes eight years as Treasurer of the Myanmar Olympic Committee and two years as Chief Executive Officer of the Myanmar Football Federation. He has been instrumental in strengthening systems and procedures through proactive initiatives and continues to provide Board-level guidance on policies and practices to ensure the company remains fully compliant with stipulated laws and regulations.
U Zaw Zaw
Chairman
U Zaw Zaw is the Chairman of AYA SOMPO Insurance, a joint venture company between AYA Myanmar Insurance and Sompo Japan Insurance Inc., and a member of AYA Financial Group.
U Zaw Zaw is an established and well-connected entrepreneur and business leader in Myanmar, with over 30 years of management experience. With a combination of overseas experiences and personal strengths, U Zaw Zaw founded Max Myanmar Company in 1993 and AYA Bank in 2010. His achievements include steering the management and growth of AYA Financial Group and Max Myanmar Group of Companies, major conglomerates in Myanmar. He is also the Founder and Chairman of AYA Bank PCL, one of the country’s largest and leading banks in Myanmar.
He is currently serving as the President of the Myanmar Football Federation since 2005 and Senior Vice President of the Asian Football Confederation (AFC). He relentlessly provides both funding and effort for the development of football in Myanmar. As a firm believer of contributing to the society and helping the needy, he has supported various philanthropic causes through the Ayeyarwady Foundation, including the Yankin Children Hospital, Ayeyarwady Covid-19 Center, and a wide range of corporate social responsibility initiatives nationwide.
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