The Lane Xang Assurance Public Insurance Joint Stock Company (LAP), a joint venture between the Laos Development Bank (LDP) and the Post and Telecommunications Joint Stock Insurance Corporation (PTI), debuted in Vientiane on October 11.
The company has a charter capital of US$1.5 million and it licensed to operate for 30 years.
The LAP will provide life insurance, general insurance, financial investment and other business activities according to Laos’ law.
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