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  1. Yangon University of Economics
  1. Yangon University of Economics
  2. Master of Insurance (MI)

Service Quality, Customer Satisfaction and Loyalty of Insurance Services Provided By KBZMS ( Aung Aung, 2025)

https://meral.edu.mm/records/11016
https://meral.edu.mm/records/11016
4d763942-8018-4bcf-a16f-98588ebcf61d
3aadeb65-02ee-408b-a15b-0167b6278873
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Aung Aung Aung, MI-II- 2 First Batch.pdf (602 KB)
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Thesis
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Title
Title Service Quality, Customer Satisfaction and Loyalty of Insurance Services Provided By KBZMS ( Aung Aung, 2025)
Language en
Publication date 2025-02-01
Authors
Aung Aung
Description
This study examines the service quality, customer satisfaction, and customer
loyalty of the insurance services provided by KBZMS General Insurance. The
research analyzes five dimensions of service quality as tangibility, reliability,
assurance, responsiveness, and empathy to determine the effect of service quality on
customer satisfaction and, subsequently, to analyze the effect of customer satisfaction
on customer loyalty. A structured questionnaire was used to collect data from 384
policyholders, and the findings were analyzed using descriptive statistics and multiple
regression analysis. The results indicate that reliability has the most strongly
influences customer satisfaction, emphasizing the role of consistency, accuracy, and
dependability in insurance services. Assurance has a significant positive effect on
customer satisfaction, highlighting the importance of trust, professionalism, and
transparency in policy explanations and claims processing. Tangibility further
contributes to customer perceptions of service quality, as the physical appearance of
facilities, staff professionalism, and functionality of digital platforms enhance
customer experience. While responsiveness is positively associated with customer
satisfaction, it is not statistically significant, suggesting that prompt service alone does
not necessarily drive satisfaction. Similarly, empathy was found to have an
insignificant effect, indicating that while personalized interactions are valued, they do
not strongly influence overall satisfaction. Furthermore, the study confirms a strong
and significant effect of customer satisfaction on customer loyalty, with satisfied
customers being more likely to continue using KBZMS services, recommend the
company to others, and maintain long-term policy renewals. These findings suggest
that KBZMS should focus on strengthening assurance, ensuring reliable service
delivery, and enhancing the physical aspects of service to improve customer
satisfaction and loyalty. The study provides recommendations for streamlining claims
processing, improving transparency in customer communication, leveraging digital
solutions, and implementing customer retention strategies. Future research should
explore additional factors such as pricing, convenience, and digital engagement to
gain a more comprehensive understanding of customer satisfaction and loyalty in the
insurance industry.
Thesis/dissertations
Yangon University of Economics
Dr. Thynn Thynn Myint
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