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
Compulsory insurance for car owners planned
Private car owners could soon be required to buy motor insurance if a planned law amendment gets the green light, stoking optimism that such a bill could put the brakes on Cambodia’s high rate of hit-and-run accidents. Currently, only commercial vehicles, such as buses, legally require ...
http://www.phnompenhpost.com/2013051465590/Business/compulsory-insurance-for-car-owners-planned.html
Insurance Institute To Boost Skills in Kingdom
An insurance training centre is being planned in Cambodia to develop local expertise lacking in the Kingdom’s nascent insurance industry. The institute hopes to offer diploma courses to industry leaders here so they in turn will be qualified to provide insurance training to others, such as ...
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 ...
Interesting times for Phnom Penh office market
Worldwide, office demand stemmed from the automotive, high-tech and energy industries. The latter is evident in Cambodia, where drilling off the coast near Sihanoukville has helped to increase office demand. Thus, companies such as Total and Chevron are large office occupiers, and new Japanese oil ...
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 ...