KBank mulls life insurance niche abroad | Bangkok Post: news

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KBank mulls life insurance niche abroad

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Kasikornbank (KBank) is exploring life insurance opportunities in Myanmar and Cambodia as part of a fast-track strategy to prepare for the Asean single market in 2016. 

Vice-president Krisada Lamsam said the group is unable to flex its muscle as a full-range financial service provider abroad due largely to intensified competition and regulations in the region, so it needs to determine which business is right for certain areas.

KBank found insurance opportunities in Myanmar after dipping a toe in the water by opening a representative office in Yangon in January, he said.

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