Prudential Cambodia and PPCBank celebrated the fifth anniversary of their bancassurance partnership by extending their Memorandum of Understanding (MoU) for another five years.
The Insurance Regulator of Cambodia (IRC) and Korea Insurance Development Institute (KIDI) have jointly signed a memorandum of understanding (MoU) on insurance development between Cambodia and South Korea, a local Cambodian newspaper reported.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
The Insurance Regulator of Cambodia (IRC) and Department of State-Owned Enterprises and Insurance Supervision (SOEI) signed a Memorandum of Understanding (MoU) at the Non-Bank Financial Services Authority Building in Phnom Penh, Cambodia, according to a media release from the IRC.
Ly Hour SBI Insurance board member and chief executive officer Okhna Ly Sopheap said in an interview with Cambonomist, that despite facing a series of global challenges, the Cambodian insurance sector is still able to stand strong and play a significant role in helping to develop the economy.
The Cambodian insurance industry registered a gross premium income of $356.4m in 2024, an increase of 3.5% from $344.2m during 2023. The new figures are a part of a report released by the Insurance Regulator of Cambodia (IRC) in January 2025.
The Asian Development Bank has come out with a report on Cambodia's disaster risk financing that also highlights the nation's vulnerabilities to natural disasters and the urgent need for robust financial mechanisms.
Forte Insurance and Prince Bank have officially launched a bancassurance partnership in a collaboration to deliver a wide array of financial services that cater to the dynamic needs of the Cambodian market.
FWD Life Insurance (FWD) has launched its latest critical illness insurance product, "CI Re-Claim Re-Care," under the "Total CIs Solutions" concept.
The insurance industry in Cambodia is expected to see good growth in future years, according to the director-general of the Insurance Regulator of Cambodia (IRC), Mr Bou Chanphirou.