Contact Us
You are welcome to contact our Head Office at:
39th floor,
Yannawa,
Sathorn Bangkok 10120.
Tel: 0-2670-2100
Fax: 0-2670-2135-37
Friday, February 23, 2007
Contact Us
Financial Strength
Financial Strength
With a high paid-up capital of 500 million Baht and strong financial backing from Kurnia, KIT is fiscally stable and steadfastly grounded in the Thai insurance market for years to come. Total assets of Kurnia stood at 15 billion Baht with shareholders' funds of over 2 billion Baht in the financial year ended June 2002. During that period, Kurnia had seen yet another year of double-digit growth in gross premium, achieving over 9 billion Baht in gross premium.
Malaysian Rating Corporation Bhd (MARC) has affirmed the general insurance financial strength rating of Kurnia at "A+", which reflects the company's leading market position in the Malaysian market, its strong business franchise particularly in the motor insurance market, and its large distribution network.
Corporate Profile
Corporate Profile
Kurnia Insurance (
Kurnia is the largest and one of the most successful general insurance companies in
To signify the start of a new lease of life, KIT relocated its head office to the
Vision
Our Vision : EXCELLENCE IN SERVICE
KIT recognizes that service excellence cannot be compromised for short-term gains. We are building this business to last. We want our customer's needs to be met in order to enhance customer loyalty.
We intend to achieve these new standards, guided by the following principles:
We build lasting relationships with our customers by only offering those products and services that are appropriate to their needs, provide fair value and are in compliance with applicable laws and regulations.
We are committed to doing things right the first time.
Our customers' needs takes priority over our internal needs.
We offer all our business partners the same high service standards. We clearly articulate these standards; reinforced through company-wide training programs and enshrine our commitment in our customer service policies. We also provide our employees with resources to use in meeting customer needs.
KIT is not looking at the past but riding on a vision of the future. Vision, the ability to see in one's mind the glorious possibilities of the future, is what is needed for us as a company to take on the future.
To provide excellent quality service through "Total Quality Management".
To provide conducive and secure working environment for employees to excel.
To continue as a caring, Corporate Organization and Citizen.
People
KIT recognizes that unless we have the best people to support the organization, technical know-how, business strategies alone will not be enough to sustain rigorous business growth and to meet future challenges. Substantial resources are being channeled to develop and implement a new Training and Career Development Plan for our staff. With our aggressive recruitment og high caliber management staff, KIT is poised to become a formidable force in Thai general insurance market.
Time Line
History
The QBE Insurance Group is one of
In October 1886, James Burns, a young Scotsman formed The North Queensland Insurance Company Limited. By 1890, the company had established over 36 agencies, including
Some important milestones in QBE's growth follow:
1921 Bankers' and Traders' Insurance Company Limited was formed - the "B" in QBE.
1959 The Equitable Probate and General Insurance Co Limited was acquired - the "E" in QBE.
1973 Queensland Insurance (the "Q" in QBE), Bankers' and Traders' and Equitable merged with the new holding company, QBE Insurance Group Limited being listed on the Australian Stock Exchange.
1981 QBE makes the first of a series of acquisitions.
1988 Universal Insurance Company of
1991 The Group unwound its cross-shareholdings with Burns Philp & Company Limited with Australian institutional shareholders increasing their equity in QBE.
1992 Australian Eagle Insurance Company Limited and some small overseas portfolios were acquired. The Group established a joint venture in
1993 American Royal Reinsurance Company in
1994 QBE established a joint venture with PT Pool Asuransi in
1996 QBE purchased Allstate Reinsurance Co Limited (now QBE Reinsurance (UK) Limited) in
1997 Acquired 74.9% of Trade Indemnity Australia Limited.
1999 QBE Mercantile Mutual joint venture commenced in
2000 Limit plc acquisition in
2001 Acquisition of ex HIH portfolios in
2002 Acquisition of small portfolios in
QBE History
QBE traces its origins back to The North Queensland Insurance Company Ltd. founded in Australia in 1886. Later, a number of agencies were established in the United Kingdom, Asia and the Pacific - including Singapore in 1889, Malaysia in 1905 and Indonesia in 1906.
In 1973, QBE Insurance Ltd evolved from the successful merger of the Queensland Insurance Co. Ltd, Bankers and Traders Insurance Co. Ltd and the Equitable Life and General Insurance Co. Ltd.
In the years that followed, QBE embarked on a new path of growth, nationally and internationally, creating one of the great success stories in corporate Australia. Today, QBE Group has offices in over 40 countries and the ultimate parent company is listed on the Australian Stock Exchange.
Visit the website of QBE Group to see time-lines showing the company's achievements - and the websites of QBE Australia, QBE New Zealand and and QBE Pacific Islands to see the history of our business operations in those markets.
QBE In Asia
QBE has been represented in Singapore since the late 1880s and in Indonesia, Malaysia and Hong Kong since the early 1900s. Building on this first-mover advantage, QBE companies entered the rest of our existing markets in the 1980s and the 1990s. The company now has a comprehensive network of operations throughout the Asia region.
Each market features different characteristics and dynamics so local market knowledge can make all the difference for clients. With the internationalisation of trade and business practice, businesses need an underwriter with specialist insurance expertise and local knowledge - that's the QBE 'world of local expertise'.
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Joint Venture Company
QBE Insurance (Thailand) Company Limited - Joint Venture Company
QBE Insurance (Thailand) Company Limited was established as a joint venture company in 1989 and has continued to expand steadily over the years with strong support from QBE Group, Australia.
The company has built an extensive branch network with offices in Bangkok and major regional centres. They service strong agency and broker relationships as well as providing direct assistance. This way, QBE Thailand ensures its products are widely available to clients looking for business, professional or personal insurance solutions.
In addition to its expertise in meeting the needs of the market with general insurance lines, our Thailand operation has developed specialist expertise in marine, professional indemnity, directors & officers' liability and contract works insurance.
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