Insurance becomes next emerging market
Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential viewed Cambodia as an emerging market. … David Carter, CEO of Infinity Insurance, said the general insurance market in Cambodia was worth $30 million. Carter believes that, due to Cambodia’s economic expansion, the insurance market will grow by 75 to 100 per cent in the next three to five years. …
