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KBZMS

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* Our Vision “To improve the quality of life in Myanmar by providing the right insurance solutions for all” * Our Mission KBZMS General Insurance is dedicated to providing insurance products that provide quality process with value pricing. We wish to establish a successful partnership with our clients, our staff members, and companies in industries that respect the interests and goals of each party.” * Our Commitments Our fundamental commitments to deliver sustainable excellence in our business performance lie in: • Providing quality services that satisfy the needs of our Clients • Constantly striving for operational distinction in claim-handling • Administering accurate policies and endorsements on time • Maintaining the integrity of our corporate reputation through honesty * 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. * Our Products “Our clients and partners benefit from extensive knowledge and experience that enables us to develop creative, tailored solutions to meet their needs.” KBZMS offers altogether eight service products in the insurance market. Generally, it falls into below categories: * Fire and Allied Perils Insurance * Comprehensive Motor Insurance * Cash Insurance - Cash In Safe Insurance - Cash In Transit Insurance - Fidelity Insurance * Personal Accident Insurance * Cargo Insurance * Travel Insurance * Marine Hull Insurance * KBZMS Arrawjan
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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 all”

* Our Mission
KBZMS General Insurance is dedicated to providing insurance products that provide quality process with value pricing. We wish to establish a successful partnership with our clients, our staff members, and companies in industries that respect the interests and goals of each party.”

* Our Commitments
Our fundamental commitments to deliver sustainable excellence in our business performance lie in:
• Providing quality services that satisfy the needs of our
Clients
• Constantly striving for operational distinction in claim-handling
• Administering accurate policies and endorsements on time
• Maintaining the integrity of our corporate reputation through honesty

* 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.

* Our Products
“Our clients and partners benefit from extensive knowledge and experience that enables us to develop creative, tailored solutions to meet their needs.”
KBZMS offers altogether eight service products in the insurance market. Generally, it falls into below categories:

* Fire and Allied Perils Insurance
* Comprehensive Motor Insurance
* Cash Insurance
- Cash In Safe Insurance
- Cash In Transit Insurance
- Fidelity Insurance
* Personal Accident Insurance
* Cargo Insurance
* Travel Insurance
* Marine Hull Insurance
* KBZMS Arrawjan

What we do

* Established in September 2012 as part of KBZ Group of Companies under the name of IKBZ Insurance Co. Ltd., KBZMS is the first officially licensed private insurance provider in Myanmar. The minimum paid-up capital is (40) billion Kyats which is equivalent to (26.4) million USD. In November 2019, IKBZ Insurance entered into a joint venture with Japanese insurance giant MSI and took on the new name of KBZMS.


* We have a presence in Nineteen (19) Cities with twenty-one (21) branches including Yangon, Mandalay, Nay Pyi Taw, Taunggyi, Pyay, Pathein, Sittwe, Magway, Meikhitlar, Pakkouku, Monywa, Kalay, Myitkyinar, Lashio, Bago, Mawlamyine, Myeik, Myingyan and Tachileik.


* Our products cover the full range of general insurance needs from motor insurance to property, fire, shipping and health insurance for individual and groups.


* KBZMS is always committed to providing the best service to our customers, implementing Global Standards in Operations and Corporate Governance, ably assisted by our qualified staff and professional agents.


* Headquartered in Yangon, KBZMS has an extensive network, backed by KBZ Group with many thousands of Insurance customers across Myanmar. Using International Management Methods, Technology and Marketing to expand our customer base, we are “Insurance You Can Rely On” and our 24 Hours Customer Contact Center Service will ensure your peace of mind.

Why you should join us

We are developing and growing our business through our people. Joining us at KBZ MS, you will work on an incredible variety of projects so you can be sure of career diversification and exposure to various areas of business.

Our workplace and culture

Our Values
METTA, THETTI and VIRYA
Loving Kindness, Perseverance and Courage
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 IKBZ 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 IKBZ 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 IKBZ under fast growing Insurance industry with huge potential around. With our IKBZ'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
Requirement Gathering Conduct business scoping with the business users and develop quality business requirements within the agreed timeline for sign off. Prepare business use cases, user stories & manage the users’ wish-list. Able to manage complex projects from start to finish coordinating with stakeholders, internal teams, and vendor(s). Business Solutioning Analyze business processes and workflow to identify areas for improvement and recommend changes. Analyzes business issues and performs business impact analysis to best approach for solutions. Reviews functional specification to ensure design meets the user requirement specified. Prepare BRD, Test Plan & Sign off documents. Stay up to date with industry trends and best practices in business analysis and IT. Business Testing, User Acceptance Testing & Production Support Prepare business scenarios and review test scripting to ensure they are in line with the business requirements. Work closely with the end-user and participate in testing during the implementation of IT projects. Conduct review sessions with the users when required to ensure acceptance and signed off by the respective stakeholders. Guide the end-users on system changes and conduct training (train the trainer concept) Require collaborating closely with the business units and the technical development teams on all system implementation projects as well as maintenance.
Develop and maintain the yearly audit calendar, audit plan, and detailed audit procedures. Ensure strict adherence to the audit calendar and plan throughout the audit execution process. Monitor the working processes of the audit team, ensuring efficiency and adherence to reporting timelines. Review draft audit working papers and preliminary audit reports, contributing to the preparation of the final audit report. Facilitate closing meetings with auditees to reach mutual agreements on audit findings and risk areas. Obtain approval from the Board of Directors (BODs) for the final audit report. Report regularly to the BOD/Audit Committee on the progress of the audit process and findings. Review follow-up reports prepared by team members, gathering evidence as needed to monitor and track the implementation of previous audit recommendations. Provide guidance and coaching to audit team members to ensure alignment with established audit procedures. Conduct weekly discussions with the audit team to enhance their knowledge of auditing practices and provide updates on company matters. Participate as a team member in the KBZMS Investigation Committee, contributing to investigative processes. Undertake special audit assignments as directed by the CEO and BODs, demonstrating flexibility and responsiveness to evolving needs. Review the KPIs of the audit department and individual KPIs of audit team members quarterly. Attend BOD meetings quarterly as a guest to provide insights and updates from the audit department.
KBZMS Awards