KBZMS General Insurance, InterRisk Asia (Thailand) host Seminar on Earthquake Risk Management & Business Continuity in Myanmar

KBZMS General Insurance and InterRisk Asia (Thailand) joint­ly hosted the Earthquake Risk Management & Business Conti­nuity in Myanmar Seminar on 1 December 2025 at the Chatrium Hotel in Yangon.

 

This seminar is a collab­orative dialogue between pri­vate and public sectors with a view to promoting earthquake risk management and business continuity.

 

Domestic and international business institutions and the Japan business group members discussed Myanmar-Japan col­laborations on earthquake risk assessment.

 

ActionAid International’s Country Director, FIN Myan­mar’s chair, Myanmar-Bangla­desh Chamber of Commerce Vice President Mr Shihab Uddin Ahamad made a more dynamic and insightful panel discussion titled "Collaborating for Conti­nuity: Lessons from the Man­dalay Earthquake".

 

KBZMS CEO U Lu Mon Aung delivered that families and businesses require compre­hensive earthquake risk assess­ment and ongoing awareness programmes to identify haz­ards, plan responses and pre­paredness and mitigate losses. He highlighted the insistence on strengthening public and private sector collaboration on earthquake preparedness.

 

Daw Chaw Kalayar, chair of Myanmar Green Building Society and founder of STATE­MENT Architecture + Design, also gave a remark that earth­quake preparedness plans need to reach every household in ru­ral areas. Local developers need to be trained on building earth­quake-resistant structures. Undertaking safety guidelines in rural building, seismic risk and general awareness acces­sible to everyone and providing financial assistance and loans for safety measures are also addressed.

 

Similarly, Mr Lafir Moham­mad, Head of Partnership and Program of ActionAid Inter­national, urged investment for business continuity, financial as­sistance and emergency service to effectuate the development in the private sector.

 

Representatives of Inter­Risk Asia (Thailand) brought insights and different per­spectives on earthquake risk assessment and preparedness measures.

 

Deputy Director-General U Thant Zin of the Financial Reg­ulatory Department also em­phasized preparedness meas­ures, procedures and sectoral collaborations. He also stressed that it is time to invest in quake resistance. — ASH/KK