“Once we enter a market, we are committed to it”
Philip Hampden-Smith, general manager of Southeast Asia operations at Manulife, talks about the company’s entry into the Cambodian market and what the new few years might bring. Cambodia’s nascent life insurance industry may be just only a year old but the nation of nearly 15 million is already attracting serious attention from global players. Three companies—France’s Prévoir Kampuchea Micro-life Insurance (PKMI), public-private partnership Cambodia Life Insurance (Cambodian Life), and Canada’s Manulife (Cambodia)— have started operations in the past 13 months while the United Kingdom’s Prudential, another international life insurance heavyweight, is currently seeking staff for its Phnom Penh office. …
