Covering Cambodia
With the number of cars on Cambodia’s roads growing at a consistent pace, high-end automotive distributors are jockeying for a foothold in the market, but they are not the only ones who stand to benefit from Cambodia’s splurge on cars. Working on the sidelines, the Kingdom’s small field of insurance firms is turning a quiet profit in a once dormant industry. Revenues generated from automotive insurance premiums grew 23.88% to $5.18m through the first nine months of 2012 compared to the same period last year, according to data from the General Insurance Association of Cambodia (GIAC). …
