News

Life insurer targets low-income workers

An obscure NGO is providing life insurance coverage to low-income individuals, mostly garment workers, offering a financial safety net for the families of its policyholders, but triggering the concern of insurance regulators who take issue to its unlicensed operations. ...

Hor Kimsay
http://www.phnompenhpost.com/business/life-insurer-targets-low-income-workers

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

Expat financial service launched

An offshore financial services provider aiming to cater to expatriates in Cambodia hopes to tap into a market that has had its share of fly-by-night operators. Tag Wealth International, a subsidiary of the Australia-based Tag Group, began operations last month, offering advice in areas such as ...

http://www.phnompenhpost.com/2013022261556/Business/expat-financial-service-launched.html

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

Manulife pays out to family over Everest climber’s death

Life insurance company Manulife has compensated its first client since it began operations in Cambodia in June this year, a company official said. Robert J Elliott, CEO and general manager, told the Post yesterday that Manulife disbursed its first claim to the beneficiaries of its client, ...

http://www.phnompenhpost.com/index.php/2012110959665/Business/manulife-pays-out-to-family-over-everest-climbers-death.html

Conference looks at status of the Kingdom's small but growing insurance sector

While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...

http://etmcambodia.com

Insurance, banks join forces

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...

http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html

Manulife enters Cambodia's burgeoning insurance market

Canadian insurance and financial services company Manulife Financial officially launched its Cambodian country office on June 28, one of several new players seeking to enter one of Southeast Asia’s still-untapped markets. Britain’s No.1 insurer Prudential said last week it had approval from the Cambodian government to open a wholly foreign-owned life insurance operation. Manulife, the world’s ...

http://www.etmcambodia.com/blog.php?article=508

United Kingdom's Prudential Company invests life insurance in Cambodia

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

http://thesoutheastasiaweekly.com/

Global insurers expanding in Southeast Asia turn to Cambodia

Two global life insurers are opening offices in Cambodia, one of Southeast Asia’s few untapped insurance markets, as they strengthen their foothold in a region that could eventually be a key driver of revenue growth. Britain’s No. 1 insurer Prudential said on Monday it won in-principle ...

http://uk.reuters.com/article/2012/07/04/cambodia-insurance-pru-manulife-idUKL3E8I32H220120704

Prudential granted approval by ministry

Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...

http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html

Life Insurer Manulife Opens Its Office In Cambodia

Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...

http://thesoutheastasiaweekly.com/

Cambodia Officially Starts Trading Life Insurance

Cambodia on May 21 officially started to trade life insurance for first time in history with hope of supplementing social security and growth of insurance development in the kingdom. At the inauguration ceremony at 21st floor of Canadia Tower in Phnom Penh, His Excellency, Aun Porn Moniroth, secretary of state of finance ministry said: “it ...

http://thesoutheastasiaweekly.com

First life insurance company launches in Cambodia

The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...

http://www.phnompenhpost.com/index.php/2012052256297/Business/life-insurance-opens-doors.html

Country’s First Life Insurance Firm Enters Market

The first company to offer Cambodians life insurance will launch on May 21, an official at the company said yesterday, though experts said the firm could struggle to make good profits in a market where fraudulent claims and limited customers could become a stumbling block. Cambodia ...

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