News

Cambodia issued 1.4M insurance policies, says Chanphirou

Cambodia has issued more than 1.4 million insurance policies and the insurers have more than $1 billion in assets and $453 million in shareholder funds, said Bou Chanphirou, Director General, Insurance Regulator of Cambodia (IRC) on ‘Insurance Day’ celebrations in Sihanoukville on Saturday. ...

Rachel David
https://www.khmertimeskh.com/501530943/cambodia-issued-1-4m-insurance-policies-says-chanphirou/

Cambodia’s insurance industry sees slight growth in first 5 months of 2024

An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501511655/cambodias-insurance-industry-sees-slight-growth-in-first-5-months-of-2024/

Insurance industry in Cambodia registers growth of 10.6 percent in 2022

Cambodia’s insurance industry recorded a total premium of $331.8 million  in 2022, up 10.6 percent from $299.8 million in a year earlier, a report by the Insurance Regulator of Cambodia (IRC) showed on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501245448/insurance-industry-in-cambodia-registers-growth-of-10-6-percent-in-2022/

Record growth in insurance

Cambodia’s insurance industry saw record growth in 2016 and was valued at $113 million, according to a report from the Insurance Association of Cambodia (IAC). ...

Sok Chan
http://www.khmertimeskh.com/news/35153/record-growth-in-insurance/

Aeon Insurance eyes Cambodia

Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...

http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.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

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

Britain life insurer Prudential officially launches operations in Cambodia

The U.K.-based life insurer, Prudential Plc, on Wednesday announced the commencement of its life insurance operations in Cambodia, according to the firm’s press release. Alongside the launch of its business operations, Prudential Cambodia and Acleda Bank, the largest commercial bank in Cambodia, also announced the establishment ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091413.htm

Insurance urged for CSX listings

The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...

http://www.phnompenhpost.com/index.php/2012090658524/Business/insurance-urged-for-csx-listings.html

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 ...

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 revenues to rise 20% for the year

Premium revenues across Cambodia’s insurance industry are expected to increase 20 per cent year-on-year in 2011, Mey Vann, director of the Department of Industry and Finance at the Ministry of Economy and Finance, predicted yesterday. The Kingdom’s six insurance firms are set to accrue a total ...

http://www.phnompenhpost.com/index.php/2011102552318/Business/insurance-revenues-to-rise-20-for-the-year.html

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