Motor insurance slows to a crawl
Insurance providers sold far fewer motor vehicle and personal accident policies in 2013 than in the previous year, sparking concern among some in the industry that the importance of being covered in case of a road accident isn’t getting through to drivers. According to the General Insurance Association of Cambodia (GIAC), market statistics show that vehicle insurance – which includes cars, motorbikes and commercial transport – grew 20 per cent in 2012. Last year, that acceleration slowed to 4.3 per cent. Growth in personal accident policies, which cover injuries as opposed to vehicle damage, also slowed, with its 12.7 per cent rise being three percentage points less than in 2012. …
May Kunmakara and Eddie Morton
http://www.phnompenhpost.com/business/motor-insurance-slows-crawl
