News

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 ...

May Kunmakara and Eddie Morton
http://www.phnompenhpost.com/business/motor-insurance-slows-crawl

Cambodia's insurance industry reports 20 pct growth in 9 months

Cambodia’s insurance industry recorded a total premium of 31 million U.S. dollars in the first nine months of the year, up 20 percent compared with the same period last year, figures showed Tuesday. It said during January-September period this year, the total amount of claims paid ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/12/c_132882328.htm

Insurance Sector Sees Growth in First 6 Months

Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...

Hul Reaksmey
http://www.cambodiadaily.com/business/insurance-sector-sees-growth-in%E2%80%88first-6-months-42216/

Insurance premiums on the rise

The Kingdom’s total insurance premiums rose sharply in the first quarter of the year, compared with the same period the previous year, thanks largely to the growth of the economy and an influx of foreign direct investment, industry insiders said. Official data from the General Insurance ...

http://www.phnompenhpost.com/2013052765846/Business/insurance-premiums-on-the-rise.html

Cambodia's insurance revenues rise by 30 pct in Q1

Cambodia’s insurance industry earned a total premium of 12 million U.S. dollars in the first three months of 2013, up 30 percent compared with the same period last year, according to the industry’s report released Wednesday. The main sources of the premium were from fire insurance ...

http://news.xinhuanet.com/english/business/2013-05/22/c_132401041.htm

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 ...

http://sea-globe.com/covering-cambodia/

Forte set to insure travellers on the net

Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...

http://www.phnompenhpost.com/2013030761798/Business/forte-set-to-insure-travellers-on-the-net.html

Sharp fall in insurance claims

Claims in the Kingdom’s six insurance companies declined dramatically last year, while the total premium revenue sharply increased by more than 20 per cent year-on-year, official data from the General Insurance Association of Cambodia (GIAC) show. GIAC data shows total claims reached $4.8 million, down from ...

http://www.phnompenhpost.com/2013022061468/Business/sharp-fall-in-insurance-claims.html

Cambodia's insurance industry grows by 21 pct in 2012

Cambodia’s insurance industry earned a total premium of $36 million last year, a 21 percent rise year-on-year, according to the industry’s report on Monday. The main sectors of the premium are from fire insurance of 28 percent, motor insurance of 19 percent, personal accident insurance of ...

http://www.globaltimes.cn/content/762259.shtml

As Insurance Claims Grow, So Do Premiums

The total amount of claims paid out by local insurance firms during the first nine months of the year have tripled to more than $11 million compared to the same period in 2011 According to data from General Insurance Association of Cambodia (GIAC), paid claims grew ...

Fire Insurance Costs Soar for Garment Sector

Large payouts last year by local insurance companies to two garment factory owners and regional natural catastrophes have resulted in a huge hike in the cost of fire insurance for commercial premises in Cambodia, brokers said. Cambodia’s insurance industry paid out some $24 million in fire ...

Insurance claims drop in Q1

Claims on Cambodia’s six biggest insurance companies declined year on year by more than 90 per cent in the first quarter of 2012, data from the General Insurance Association of Cambodia (GIAC) shows. The value of claims in 2011 was raised by fires that gutted two ...

http://www.phnompenhpost.com/index.php/2012051156100/Business/insurance-claims-drop-in-q1.html

First Quarter Insurance Revenues Up 39 Percent

Revenues in the insurance industry increased to $9.4 million in the first three months of the year compared with $6.7 million during the same period last year, figures from the General Insurance Association of Cambodia show. Ty Atith, a senior underwriter at Cambodian Reinsurance Company, said ...

Insurance revenue up 18.2% in first seven months

Revenue generated from insurance premiums in the first seven months of 2011 has grown 18.2% to $15.89 million compared to the same period last year, according to statistics released yesterday by the General Insurance Association of Cambodia. The figures show that revenue from fire premiums increased ...

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