Friday, May 2, 2014

Insurance Industry Revenue Up 14%

2 May 2014

Revenue among insurance firms increased 14% in the first quarter compared with the same period last year.

From January to March, insurance premiums generated $13.86 million compared to $12.15 million the year before, with fire premiums increasing by 24.7 % to 4.3 million and accounting for almost a third of the total value. The increase was said to have been driven by an upward trend in people looking to protect their homes and businesses against fire and revenue from fire insurance still continues to grow because the number of customers taking fire insurance keeps rising day to day.

The value of insurance premiums in engineering fell by 74.7 % from $1.2 million to $304,075. The decrease was due to a decline in approved construction projects.

Source:
http://www.phnompenhpost.com/business/aeon-reports-record-revenue-amid-asean-expansion

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