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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.
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Submit General Application!

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

Recent job openings
Liaison Officer
KBZMS
Yangon
Sales, Business Development
Actuarial Analyst
KBZMS
Yangon
Legal, Risk and Compliance
Legal & Compliance Manager
KBZMS
Yangon
Legal, Risk and Compliance
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Gallery
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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 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"

Submit General Application!

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
Conduct daily on-the-job training for KBZMS Partners. Provide ongoing mentoring and operational support. Manage daily sales activities and ensure quality control standards are met. Achieve minimum numbers of policies and case sizes within the area of responsibility. Meet group production targets and ensure policy renewals within the designated area. Ensure policies are issued within the desired turnaround time (TAT). Prepare and present sales and recruitment reports. Execute sales and marketing campaigns effectively. Provide necessary support to the team and other departments as required.
4 days ago
Purpose of the Role The primary role of this actuarial position is to provide comprehensive support in various actuarial functions through rigorous data analysis, accurate valuation and solvency calculations, and efficient product pricing. The position entails extracting, cleaning, and analyzing data to inform business decisions and incorporating these analyses into management reports. Key responsibilities include supporting the calculation of actuarial reserves and solvency capital, aiding in the pricing of new products, and coordinating with the appointed actuary to resolve data queries. Duties and Responsibilities Implementation and Compliance Support the implementation of actuarial reserves in accordance with IBRB directives. Support the implementation of capital adequacy ratios in accordance with IBRB directives. Coordinate the submission of actuarial and risk-related data to regulatory bodies, ensuring compliance with regulatory requirements and deadlines. Data Analysis and Reporting Extract data from databases based on specific business parameters. Clean and validate extracted data and perform analyses on data sets. Conduct in-depth data analysis for management reporting, including data collection, cleaning, and validation. Incorporate results of data analyses in management reports. Actuarial Valuation and Solvency Support the calculation of actuarial reserves such as IBNR. Participate in the calculation of solvency capital as per FRD's instructions. Product Development and Pricing Support product development and product pricing, including preparation of actuarial certificates in collaboration with external actuarial advisors. Support the pricing of new products through various methods such as Excel modeling, expense studies, or claim studies. Liaise with the appointed actuary on any data queries.
1 week ago
Drafting and Review Agreements/Contracts, Myanmar, and English. Provides legal opinions/reviews and drafting on corporate contracts, interpretations, disputed claims, and policy documentations and in product developments. Providing timely and responsive legal research, review, advice, and documentation, assigned by Head of Legal and Seniors. Determine the strategies for internal and external legal advisory approaches and the scope of legal advice offered to stakeholders. Provide legal advice and updates on current legal positions and communicate legal briefs to senior management. Support business growth through providing compliance policies, and strategic and operational legal guidance to senior management. Other legal and administrative tasks such as preparing presentation materials, and drafting minutes for meetings. Manage and prepare for Monthly/Quarterly Legal and Compliance Reports. Manage the Legal & Compliance team’s performance and provide coaching and training. Manage and keep updating a record of new/amended laws, rules, regulations, notifications, directives, and Myanmar Gazette from Regulatory/Government and report to the Management Team. Manage and support legal issue or operational issue of other departments including legal affairs training when necessary. To draft Monitor reports and update new laws and regulations to the Management. Other duties assigned by the Management Team of the Company.
11 Jun 2024
Strategic Planning Lead and develop strategic goals for the Strategic Partnerships channel. Lead the implementation of annual strategic business plans in alignment with broader company goals and objectives. Conduct market analysis, customer analytics, and competitor analysis to ensure strategies are effective and on track. Collaborate closely with the Product team to ensure the development of products that align with the strategic partnerships channel. Develop a pipeline of new strategic partnerships . Analyze partner customers and provide recommendations on action plans and expected outcomes (sales opportunities). Prepare business cases for new partnership opportunities. Delivering the Right Products and Achieving Sales Targets Monitor and control the progress of sales, providing timely insights and adjustments required for optimal success. Drive product innovation and growth within the strategic partnerships channel to meet broader business objectives. Develop and manage the product roadmap in association with the Products department, ensuring alignment with overall business strategies. Partnership Management Analyze partner customers and provide recommendations on action plans and expected outcomes (sales opportunities). Prepare business cases for new partnership opportunities. Delivering the Right Products and Achieving Sales Targets Monitor and control the progress of sales, providing timely insights and adjustments required for optimal success. Drive product innovation and growth within the strategic partnerships channel to meet broader business objectives. Develop and manage the product roadmap in association with the Products department, ensuring alignment with overall business strategies.
04 Jun 2024
KBZMS Awards