News eDaily12 Jun 2017

Cambodia:Insurance mart shows robust growth in 1Q

12 Jun 2017

Cambodia's insurance industry reported total premiums of US$36.2 million in the first quarter of 2017, up nearly 24% over the same period last year, the Insurance Association of Cambodia (IAC) has said.

The Southeast Asian country has seven general insurers and six life insurers.

The general insurers collected $21.6 million in gross premiums during the January-March period, up 6.3% over the same period last year, while the life insurers posted gross premiums of $14.6 million, a surge of 63.5%.

Mr Huy Vatharo, Chairman of the Insurance Association of Cambodia, said that the growth in both life and general insurance was a good sign. He said it reflected greater understanding among Cambodians of the idea of insurance and also reflected strong economic growth and investments.


 

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