PETALING JAYA: KSK Group Bhd plans to boost its insurance companies in Indonesia and Thailand through organic and inorganic growth methods and aimed to succeed in the top ten position inside the subsequent five years. Pongpanu is the third chief govt of KSK Insurance (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 by way of Malaysian agency Kurnia Damai. Bupa World has collaborated with KSK Insurance coverage to be able to supply their world-class insurance to Indonesia.
Money-rich KSK Group Bhd plans to foray into the property sector and have earmarked key hotspots in the Klang Valley, Penang and Johor for investments, a major shift from its present core basic insurance coverage business in Malaysia. Speaking to the media after the AGM lately, KSK ED and group CEO Joanne Kua Ying Fei stated KSK Land Sdn Bhd had been set up to enterprise into the property sector.
KSK has not changed its goal to achieve the highest 10 and its mum or dad company is able to present financial support, he stated, however its capital adequacy ratio of a hundred and ksk insurance indonesia seventy.50 per cent is sufficient to serve future growth. KSK is planing to call for an EGM on the end of July to finalise the SCR, as soon as the Securities Fee Malaysia approves it.