Monday, August 18, 2014

Cambodia’s Insurance Sector Up 21% in Fist Semester


18 August 2014

The premium revenue of Cambodia’s insurance sector increased some 21% in the first half of 2014 over the same period last year.

Jan-Jun 2014 the sector earned a premium revenue of US$27 million. The data showed that the first-largest jump was fire insurance of US$9 million, followed by motor and car insurance of more than US$4 million, engineering and construction insurance of over US$3 million, and health insurance of some US$2 million. Cambodia’s insurance sector has seen notable progress. Last year, the total premium revenue of the sector was US$43 million, while the total assets reached US$111 million. This sector employs about 3,500 workers.

Cambodia has currently six general insurance companies, a reinsurance company, and three life insurance companies.

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