Established in September 2012 as part of KBZ Group of Companies under the name of IKBZ Insurance Co. Ltd., KBZ MS 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 KBZ MS.
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