Ratchatkrit Benjapichidate, Manager – Motor Claims Manager – Marketing, KSK Insurance (Thailand) Public Company Limited 3. Athikom Shoojun, Vice President – Marketing Upcountry, KSK Insurance (Thailand) Public Kurnia Insurance (Thailand) Co Recently, AMMB became the country’s largest general insurer and market leader in motor insurance – with a combined market share of 35% in terms of gross written premium – when it completed the RM1.63 billion acquisition of Kurnia Insurans (M AmG Insurance Berhad, is seeking regulatory approval to acquire Kurnia Insurans (Malaysia) Berhad to make it the market leader in the Malaysian motor insurance market. IAG shares were recently about 1.3 per cent higher, or 4 cents, at $3.12. If the deal He said both AmAssurance and Kurnia brands have a 18.4% and 10.7% share of the motor insurance and general insurance markets by virtue of gross written premium, respectively. Last year, AmGeneral’s total gross written premium stood at RM1.7 billion. AMMB, which had acquired Kurnia Insurans (M) Bhd and merged with its subsidiary AmGeneral Insurance in 2012, is now the largest general insurer and a leader in motor insurance with a 22% market share (in terms of gross written premiums). The other key KSK developed the e-Cover Online Insurance Portal last year as its front-end system to help its agents to sell motor insurance when it acquired Asia Dynamic Insurance via Malaysian firm Kurnia Damai. The Malaysia-based KSK Group, formerly known .
Insurance Australia Group has taken a On Friday, IAG said it had won approval to buy Malaysia’s Kurnia Insurans Berhad for A$480 million, making it one of the biggest general and motor insurers in that country. That follows on the heels of IAG If the proposal is approved, the newly-created firm will assume a role as the largest firm in the Malaysian motor insurance market. AmG Insurance has submitted an offer to buy Kurnia Asia’s principal general insurance business Kurnia Insurans. IAG’s Vietnamese deal comes on top of its announcement on 5 th April 2012 that its 49 per cent owned Malaysian associate AmG Insurance Berhad (AmG), has received regulatory approval for a possible acquisition of Kurnia expansion is successful, but Insurance to take over Kurnia Insurans, ending a week of speculation about a deal. If the acquisition is given the green light by Malaysian authorities, the combined group would be the south-east Asian nation’s biggest motor vehicle insurer. .
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