September 25, 2017

IKBZ plans to offer further insurances

U Nyo Myint, Vice Chairman of IKBZ, speaks at 3rd Anniversary of IKBZ in Yangon.
U Nyo Myint, Vice Chairman of IKBZ, speaks at 3rd Anniversary of IKBZ in Yangon.

With permission from Myanmar Insurance Business Supervision Committee, International Kabawza Insurance Company (IKBZ) unveiled its plan to offer further insurance deals to consumers.
U Nyo Myint, Vice Chairman of IKBZ at yesterday’s third anniversary celebration said that IKBZ would operate with online insurance systems in the near future for the convenience of the customers.
IKBZ is currently providing a variety of insurance packages including life insurance and other general insurance; travel insurance, fire insurance, health insurance and motor insurance. IKBZ has entered the insurance market with six insurance products in the beginning.
The company currently operates from 14 branches across the country, and seeks to open more offices in various towns to act as strategic locations, said U Nyo Myint in his speech.
IKBZ Insurance Co. was granted to start operating in September 2012, after lodging a formal application. The company then became the first private insurance company to exist in Myanmar and is currently getting the biggest share of the insurance market in the country.
THE World Finance Group, a London-based organisation, awarded the company, “Best Life and Non-Life Insurance Company in Myanmar for 2015” and “Best General Insurance Company in Myanmar for 2015” for its quick expansion throughout the country over the past three years.

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