Any Ownership is never without Risks.
We are proud to say that IKBZ willingly and responsibly takes care of all of your risks in safeguarding your Ownership.
The IKBZ Insurance Company is established as an affiliate of the KBZ Group of Companies with its own independent board and management team.
With the broad nature of economic reforms in Myanmar since 2011, the insurance sector has opened its arms to the private sector for effective participation and involvement. The Myanmar government initiated its first acceptance of applications for establishment of private insurance companies in June, 2012. Along with the formal application, the IKBZ Insurance Co. was granted to start operating in September, 2012. IKBZ Insurance Co. became the first private insurance company to exist in Myanmar on the 12th September,2012. The paid-up capital is (46) billion Kyats which is equivalent to (55) million USD.
The insurance license (001) was issued on 5th June, 2013. The opening ceremony was held on the 12th June, 2013.