PETALING JAYA: KSK Group Bhd plans to boost its insurance coverage businesses in Indonesia and Thailand through natural and inorganic development strategies and aimed to reach the highest ten position inside the next five years. Pongpanu is the third chief government of KSK Insurance (Thailand) since the KSK Group started its foray into the Thai insurance coverage market in August 2011, when it acquired Asia Dynamic Insurance by way of Malaysian firm Kurnia Damai. Bupa International has collaborated with KSK Insurance to have the ability to provide their world-class insurance coverage to Indonesia.
Cash-wealthy KSK Group Bhd plans to foray into the property sector and have earmarked key hotspots within the Klang Valley, Penang and Johor for investments, a major shift from its present core general insurance coverage business in Malaysia. Talking to the media after the AGM not too long ago, KSK ED and group CEO Joanne Kua Ying Fei said KSK Land Sdn Bhd had been set as much as enterprise into the property sector.
KSK has not modified its goal to achieve the highest 10 and its dad or mum company is able to provide financial help, he mentioned, however its capital adequacy ratio of one hundred ksk insurance seventy.50 per cent is ample to serve future progress. KSK is planing to call for an EGM at the finish of July to finalise the SCR, as soon as the Securities Fee Malaysia approves it.