IKBZ Insurance Co., Ltd.

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Category: Insurance Company

IKBZ Insurance Co., Ltd.

  53, Strand Square, Merchant Rd., Cor. of Bo Sun Pat St., Pabedan Tsp., Yangon

   01-378842,  01-2307000



  Company Info..

The KBZ Group of Companies has a long history of business establishment since 1995. It all started with rubies, jade and precious metal mining under the name of Shan Yoma, Nilar Yoma and Jain-Phaw-Aung rubies, jade and precious metal mining  companies. Most of the precious metal mines are lo­ cated in Mineshu, Mogoke, Phakhant, and Kanti townships in the eastern and northern reaches of the country. The legally earned monetary assets were then invested in what  is now publicly known as Kanbawza Bank. Moreover, there are many other diversified businesses under our group.

The official name of the Company is designated as IKBZ Insurance Company. It is a sister concern of the Kanbawza Group of Companies catering solely for their insurance business. The IKBZ Insurance Company is established under the umbrella of the KBZ Group of Companies.

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 Myan­ mar 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 lincence  (001) was issued on 5th June, 2013. The opening ceremony  was held on the 12th June,2013.


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