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. ...
