PT KSK Insurance Indonesia has over 20 years of insurance coverage presence in Indonesia. KSK has not changed its goal to achieve the highest 10 and its mum or dad company is ready to present monetary help, he said pt ksk insurance indonesia, but its capital adequacy ratio of a hundred and seventy.50 per cent is enough to serve future progress. KSK is planing to name for an EGM at the finish of July to finalise the SCR, once the Securities Fee Malaysia approves it.
Money-wealthy 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 significant shift from its present core normal insurance coverage business in Malaysia. Talking to the media after the AGM recently, KSK ED and group CEO Joanne Kua Ying Fei stated KSK Land Sdn Bhd had been set as much as venture into the property sector.
KSK Group, formerly known as Kurnia Asia Bhd, is now within the means of being privatised through a proposed selective capital discount (SCR) and reimbursement exercise that is expected to finish by fourth-quarter 2013. Bearing on its abroad insurance coverage business, Kua stated KSK's subsidiaries, PT KSK Insurance Indonesia and KSK Insurance (Thailand) pcl, are growing and hope to interrupt even this year. KSK is focusing on 1.1 billion baht (RM112mil) in Thailand and 300 billion rupiah (RM96mil) in Indonesia in gross premiums in 2013.