IKBZ hopes to capture new business with online platform

Local insurer IKBZ is hoping to become the first firm to allow people to buy its policies online – through computers and mobile devices – early this year, a senior official at the insurer told The Myanmar Times. The firm plans to start offering insurance policies online in January, with the option to register on […]

IKBZ Opens Meikhtila Branch, Plans More Expansion

Local insurer International KBZ Insurance (IKBZ) Co Ltd has opened a branch office in Meikhtila in Mandalay region in a bid to tap the nascent insurance market of the country. Meikhtila office is one of the 13 branch offices of IKBZ in Myanmar and the second in Mandalay region. IKBZ, which started operation in 2013, […]

Marine cargo insurance available

The Myanmar Insurance Business Supervisory Board has announced that it will allow private companies to offer marine cargo insurance. Dr Maung Maung Thein, chairman of the board, said: “Now private insurance companies have got experience we will allow them to deliver new insurance services.” Since its inception, the board has allowed six types of insurance: […]

More insurers to get green light for US dollar services

More insurance firms will be allowed to offer services in US dollars if they can meet the same requirements that were met by the four companies that have already received approval to offer such services, according to Dr Maung Maung Thein, chairperson of the Insurance Business Supervisory Board. The government has given the green light […]