Cambodia: Insurance market enjoys sustained growth
Source: Asia Insurance Review | Jun 2025
Cambodia’s insurance industry continued to chart steady growth in 2024, with gross premiums reaching $357m, 3.4% higher than in 2023, according to official figures.
The Insurance Regulator of Cambodia has attributed the growth to a combination of improved public awareness, growing trust in insurance services, and the gradual diversification of insurance products, reported Cambodia Investment Review.
Life insurance remains the dominant segment, generating $200.2m in gross written premiums in 2024. General insurance followed with $148m, while microinsurance contributed $8.8m.
The market consists of 40 licensed players, including 14 life insurers, 18 general insurers, 7 microinsurers and one reinsurer. A