News
Insurance continues to grow
Insurance sales have grown by 37 percent in the first half of the year, totaling $56 million, the Insurance Association of Cambodia (IAC) announced in a report Tuesday. The increase, up from $40.9 million for the same period last year, has been driven by a ...
Sok Chan
http://www.khmertimeskh.com/news/28318/insurance-continues-to-grow/
Hope grows in insurance
Even though Cambodia’s insurance industry is still young compared to neighboring countries such as Thailand and Vietnam, there is potential for its growth with the development of human resources in the sector. ...
Sok chan
http://www.khmertimeskh.com/news/27361/hope-grows-in-insurance/
Acleda, Forte insurance to work together
Acleda, a leading commercial bank in Cambodia, and Forte Insurance (Cambodia) signed an agreement on Friday on general insurance and micro insurance and agreed to establish a basic framework to cooperate and promote a range of insurance products. ...
Sok Chan
http://www.khmertimeskh.com/news/24706/acleda--forte-insurance-to-work-together/
Construction insurance trails boom
Despite strong growth in investment in the construction sector, investors, builders and developers still largely neglect insurance on projects, industry and government officials say. ...
Sum Manet
http://www.khmertimeskh.com/news/24090/construction-insurance-trails-boom/
Export credit insurance taking off
Export credit insurance is still taking off in Cambodia, but more companies are beginning to take advantage of it, a senior executive from Forte Insurance Company said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/23690/export-credit-insurance-taking-off/
Insurance industry sees double-digit premium growth
Total premiums for general insurance rose 16.4 percent last year to about $61.6 million, from $53 million in 2014, with property, fire, vehicle and medical insurance leading the way, the Insurance Association of Cambodia said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/21463/insurance-industry-sees-double-digit-premium-growth/
New insurance product gives rice farmers a break
Farmers hit by drought in Battambang this year are already benefitting from a new crop insurance product for rice farmers introduced by Forte Insurance, with at least 60 families in two districts of the country’s main rice-growing province collecting payments so far. ...
May Kunmakara
http://www.khmertimeskh.com/news/16797/new-insurance-product-gives-rice-farmers-a-break/
Insurance law reform under way
The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...
Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way
Battambang Rice Investment gets international certification
Battambang Rice Investment Co Ltd says it has been certified as the first rice mill in Cambodia with Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP). In a statement, the company said it received confirmation of GMP and HACCP certification in a ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjA4ZDZhYTFmOTJ
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
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 ...
Moto imports jump 55 per cent
IMPORTS of motor scooters reached 264,085 units, with a total value of $139 million in the first 11 months of last year – a 55 per cent jump from 170,380 units worth $86.5 million in the corresponding period of 2011, according to data from the ...
http://www.phnompenhpost.com/2013022761643/Business/moto-imports-jump-55-per-cent.html