News eDaily08 Sep 2017

Cambodia:Insurance premiums shoot up by 21% in 1H

08 Sep 2017

Cambodia's insurance industry has enjoyed strong growth during the first half of this year, with total gross premiums reaching US$68 million, an increase of 21% compared with the same period in 2016, according to the Insurance Association of Cambodia (IAC).

IAC Chairman Huy Vatharo said that life insurance accounted for the biggest upswing in terms of percentage, while general insurance, including fire, health and vehicle coverage, saw modest gains, reported The Nation.

He said that the industry's growth “reflects a higher understanding among the population and business institutions towards the concept of insurance”.

There are seven general insurers and six life insurers in the Cambodian market. 

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