Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2022

Cambodia: Dai-ichi Life to set up a subsidiary

Source: Asia Insurance Review | Apr 2018

Cambodia Life & Health

Major Japanese insurer, Dai-ichi Life Holdings, is expanding into Cambodia, anticipating rising demand for insurance in Southeast Asia as the region’s economy grows. 
   The Tokyo-based insurer was planning to establish a wholly owned subsidiary in Cambodia, a first for a Japanese life insurer, aiming to begin operating in the current fiscal year which started on 1 April, reported Nikkei Asian Review. 
   Dai-ichi Life will gradually invest around JPY4 billion (US$37.7 million) in the Phnom Penh-based unit. The Cambodian unit will start off by offering insurance through local banks. Dai-ichi Life entered Southeast Asia in FY2006 with the acquisition of Vietnam’s Bao Minh CMG Life Insurance and has worked since then to build up its presence in the region. A 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.