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Our Vision " To improve the quality of life in Myanmar by providing the right insurance solutions for everyone. " Our Core Values " KBZMS is guided by a belief and a culture that runs throughout the entire organization: being good to people and doing the right thing. That is why we are driven by our three values – Metta, Thet Ti, Virya – loving kindness, perseverance, and courage. " Our Commitment Our dedication to ensuring the sustainability and efficiency of our operations from the ground up is demonstrated through: Delivering top-tier insurance services to fulfill our customers' needs. Continually striving to provide quick and efficient solutions for various claim processes. Timely management of specific insurance policies and endorsements. Upholding the ethical standards and integrity that align with our society's reputation. In order to meet the insurance requirements of our insurance buyers and business partners, we use our extensive knowledge, experience and innovative insurance methods to for the benefit of our customers. * Our People KBZMS conducts its business through eighteen operating divisions: Yangon, Mandalay, Taungyi, Mawlamyine, Monywa, Magwe, Pathein, Lashio, Nay Pyi Taw, Myeik, Myintkyinar, Bago, Meikhtilar, Pyay, Pakokku, Sittwe, Myingyan and Kalay. Each division is managed by talented underwriters and staffed by skilled pricing professionals, claims professionals, auditors, and energetic sales staff, all with local expertise and the technical resources to assess and underwrite risk. We offer products with the capacity to listen, understand the need and design the appropriate solution for our business partners. Our diverse platform and strong capitalization provide a stable market to our business partners across all lines of business.
About KBZMS

Employer Details

  • Type: Direct Employer
  • Industry: Banking/ Insurance/ Microfinance
  • No. Employees: 501 to 1000

Address

No.53, Ground Floor, Strand Square, Strand road, Pabedan Township,Yangon.,Yangon, Myanmar

Company Vision and Mission

Our Vision

" To improve the quality of life in Myanmar by providing the right insurance solutions for everyone. "

Our Core Values

" KBZMS is guided by a belief and a culture that runs throughout the entire organization: being good to people and doing the right thing. That is why we are driven by our three values – Metta, Thet Ti, Virya – loving kindness, perseverance, and courage. "

Our Commitment

Our dedication to ensuring the sustainability and efficiency of our operations from the ground up is demonstrated through:

Delivering top-tier insurance services to fulfill our customers' needs.

Continually striving to provide quick and efficient solutions for various claim processes.

Timely management of specific insurance policies and endorsements.

Upholding the ethical standards and integrity that align with our society's reputation.

In order to meet the insurance requirements of our insurance buyers and business partners, we use our extensive knowledge, experience and innovative insurance methods to for the benefit of our customers.

* Our People
KBZMS conducts its business through eighteen operating divisions: Yangon, Mandalay, Taungyi, Mawlamyine, Monywa, Magwe, Pathein, Lashio, Nay Pyi Taw, Myeik, Myintkyinar, Bago, Meikhtilar, Pyay, Pakokku, Sittwe, Myingyan and Kalay. Each division is managed by talented underwriters and staffed by skilled pricing professionals, claims professionals, auditors, and energetic sales staff, all with local expertise and the technical resources to assess and underwrite risk. We offer products with the capacity to listen, understand the need and design the appropriate solution for our business partners. Our diverse platform and strong capitalization provide a stable market to our business partners across all lines of business.

What we do

KBZMS General Insurance Co., Ltd was established as Myanmar's first officially licensed insurance company under the name of IKBZ in September 2012, with license number 001.

After forming a joint venture with the Japanese insurance company Mitsui Sumitomo Insurance Group (MSIG) in November 2019, IKBZ continued to operate under the new name KBZMS.

KBZMS operates out of 23 branch offices in 21 cities: Yangon, Mandalay, Naypyitaw, Taunggyi, Pyay, Pathein, Sittwe, Magway, Meiktila, Pakkoku, Monwya, Kalay, Myitkyinar, Lashio, Bago, Mawlamyine, Myeik, Myingyan, Tachileik, Hinthada & Taungoo.

In October 1st, 2020, KBZMS expanded its Commercial Lines product portfolio to provide coverage in industrial-related risks, construction, and electrical hazards.

Our products cover the full range of individuals' and organizations' general insurance needs including fire insurance, motor insurance, marine cargo insurance, personal accident insurance, health insurance, and as well as Commercial Lines, covering Industrial All Risk, Construction All Risk/Erection All Risk and Bailee’s Liability Insurance products.

KBZMS aims to conduct operations and Corporate Governance with the best international standards with the help of highly qualified staff and Professional Agents.

Internationally recognized as one of the best general insurance companies for many years, KBZMS strives to improve the quality of life for the people of Myanmar by providing the right insurance solutions for all.

KBZMS provides insurance services shown below:

Fire Insurance

Home Protect Insurance

Motor Insurance

Personal Accident Insurance

Travel Insurance (Local/Oversea)

Health Insurance

Marine Hull Insurance

Marine Cargo Insurance

Bailee’s Liability Insurance

Industrial All Risk Insurance

Contractors’ All Risk/Erection All Risk Insurance

Why you should join us

As a premier insurance company in Myanmar, KBZMS holds METTA (Loving Kindness) dear in every aspect. We uphold diversity and inclusion, offering equal opportunities to all qualified applicants irrespective of race, ethnicity, gender, gender identity or expression, sexual orientation, national origin, disability, age, or any other protected characteristic, as mandated by applicable law.

Our workplace and culture

“With Metta, Thet Ti, Virya – loving kindness, perseverance, and courage, discover your future at KBZMS!”
Testimonials

Mr. Shwe La Min

Sales and Special Travel

“While working with travel insurance & sales team, I' m very delighted with the team’s dynamics. I'm proud to be an KBZMS member. I think it's the best choice for my career development. So, my ambition is to become a professional sales and contributes to the growth of KBZMS insurance and development of insurance industry in Myanmar.”

Mr. Takuya Tsuji

Commercial Department

"After 22 years of staying in Myanmar, I got the great opportunity to work in KBZMS under fast growing Insurance industry with huge potential around. With our KBZMS's core value of Metta, Thet Ti and Virya, I am very much excited to develop my skills and professional career through the teamwork and under the strong and solid management"

If you haven't found a suitable job, submit a General Application and recruiters at this company will keep your CV for future review!

All KBZMS Jobs
The Deputy Head of Claims will be responsible for leading and managing the claims team, ensuring operational efficiency, continuous process improvements, and maintaining high standards of customer service. This role will play a crucial part in claims strategy development, team development, and enhancing claims management processes to align with the company’s business objectives. 1. Leadership & Team Development: • Lead, mentor, and develop the claims team, ensuring a high level of engagement and performance. • Support the Head of Claims in defining strategic priorities and ensuring smooth execution. • Conduct regular training sessions to enhance claims handling capabilities and professional growth. • Foster a collaborative work culture that aligns with company values and objectives. 2. Claims Management & Process Improvement: • Oversee the end-to-end claims process, ensuring efficiency, accuracy, and compliance with internal policies and regulatory requirements. • Drive continuous process improvements to streamline claims handling and reduce turnaround time. • Monitor claims trends and analytics to identify areas for improvement and cost control. • Implement and maintain best practices in claims assessment, fraud detection, and risk mitigation. 3. Customer Experience & Dispute Resolution: • Ensure prompt, fair, and transparent claims settlements to enhance customer satisfaction. • Act as an escalation point for complex claims cases, ensuring swift and fair resolutions. • Collaborate with customer service teams to address claims-related inquiries and disputes. 4. Compliance & Risk Management: • Ensure all claims handling processes comply with regulatory and legal requirements. • Work closely with internal audit and risk management teams to mitigate claims-related risks. • Develop and implement fraud detection mechanisms to prevent and identify fraudulent claims. 5. Stakeholder Collaboration: • Work closely with underwriting, survey & Engineering, reinsurance, legal, finance and sales teams to ensure alignment in claims management. • Establish and maintain relationships with brokers, agents, adjusters, and external partners to facilitate claims handling. • Support the Head of Claims in preparing reports and recommendations for senior management.
The purpose of this role is to lead and manage overall branch operations, drive sales growth, and ensure operational excellence and compliance . The position serves as the primary link between the branch, external partners, and the head office, focusing on strategic implementation and business expansion while maintaining high standards of customer satisfaction and financial discipline. • Sales & Business Development : Implement strategies to achieve sales targets, proactively expand the business network (including clients and car workshops), identify growth opportunities, and increase market presence. • Operational Management : Oversee all branch functions efficiently, ensuring compliance with company policies, safety standards, and regulatory requirements. • Financial Management: Manage branch expenses within the approved budget, ensure financial discipline, monitor costs, and prepare accurate financial reports. • Team Leadership & HR Coordination : Lead, motivate, and manage staff to promote cohesion and performance excellence; coordinate with HR on recruitment, development, and evaluations. Inter-departmental Coordination: Liaise effectively with head office departments (Survey, Underwriting, Claims, IT, Finance, Internal Audit , Corporate Planning and etc…) to ensure smooth branch operations. Customer Service & Compliance: Ensure high-quality customer service delivery, maintain client satisfaction, and guarantee accurate record-keeping and process adherence. Transformation & Digitalization: Actively lead branch transformation initiatives and drive the team toward digitalization of daily workflows and processes. Performance & Accountability: Monitor overall branch performance, identify gaps, implement corrective actions, and take full responsibility for all branch activities and results. Marketing & Promotions: Plan, coordinate, and execute local marketing events and promotional campaigns within the branch territory to drive lead generation and enhance brand visibility. Reporting feedback to the head office marketing team.
Accepting Motor Claims information from Call Center and communicating with customers. Conduct motor accident survey. Explain to the customer about claims procedure and collect necessary documents. If necessary, communicate with the Manager for a solution. Communicate with traffic police and other authorities when necessary. Communicate with authorized workshop for repair cost. Prepare claims documents and transfer to claims handler.
KBZMS Awards