The new chief of Malaysian-owned KSK Insurance (Thailand) says he will push the company into the top 10 non-life insurance coverage firms in Thailand by specializing in the four pillars of success: know-how, branches, people and merchandise. Pongpanu is the third chief govt of KSK Insurance ksk insurance coverage (Thailand) for the reason that KSK Group began its foray into the Thai insurance market in August 2011, when it acquired Asia Dynamic Insurance coverage through Malaysian firm Kurnia Damai. Bupa World has collaborated with KSK Insurance coverage to have the ability to supply their world-class insurance coverage to Indonesia.
Cindy Kua, govt director of KSK Group, mentioned the group wanted to concentrate its insurance coverage enterprise in Thailand and Indonesia after selling its insurance business in Malaysia. Internal fundamentals should be stronger for the Thai unit, she mentioned, and the corporate hopes the brand new CEO can propel KSK Insurance (Thailand) into the top 10.
Using funds obtained from promoting the group core insurance coverage subsidiary, Kurnia Insurans (M) Bhd to AmG Insurance Bhd, for MM1.63bil on Sept 26, 2012, the company is diversifying to other sectors. KSK Land is looking at mix-developments, specializing in constructing high-finish apartments, inexpensive homes and townships, but that would rely upon the scale of land they'll acquire.