Cambodia's insurance industry recorded total premiums of $331.8m in 2022, up 10.6% from $299.8m in 2021, a report by the Insurance Regulator of Cambodia (IRC) shows.
Prudential Cambodia has announced its new partnership with the ACLEDA-Jardines Educational Foundation (AJF) to support education in remote, impoverished villages in the kingdom.
Prudential Cambodia has announced a strategic partnership with Sing-Specialists Medical Centre (SSMC) to provide customers with a variety of value-added services and benefits.
AIA (Cambodia) Life Insurance Plc (AIA Cambodia) has officially opened its new head office in the kingdom, strengthening the life insurer's long-term local commitment.
To make insurance more accessible and affordable for Cambodians, Prudential Cambodia, the largest life insurer in the Kingdom, has partnered up with a Cambodian ICT Award Winner, PillTech Solutions Co Ltd.
Prudence Foundation through Prudential Cambodia, in partnership with Child Right Foundation Organization and Ministry of Education Youth and Sport, launched its flagship programme, Cha-Ching Financial Literacy for Children Phase II, under the name "Cha-Ching Money Smart Kids".
Charles Taylor Adjusting (CTA), an international loss adjusting business, has expanded its Natural Resources capability in Asia with the opening of a new office in Vietnam. This strategic expansion allows CTA to offer technical loss adjusting services across mining, power and energy business sectors, with a focus on renewable energy, both onshore and offshore, not only in Vietnam but also across the wider Greater Mekong sub-region including Cambodia, Myanmar and Laos.
AIA (Cambodia) Life Insurance (AIA Cambodia) has unveiled AIA MedCare, its first medical insurance solution and one that enables their corporate clients to look after employee health and wellness to boost workplace satisfaction and productivity.
Cambodia aims to achieve an insurance penetration rate of 5.5% with industry density amounting to $135 by 2030 from less than $20 in 2021, according to Mr Bou Chanphirou, the director general of the Insurance Regulator of Cambodia (IRC).
The insurance market in Cambodia, Laos, Myanmar and Vietnam (CLMV) has a bright outlook, with double-digit growth opportunities, according to the Thai General Insurance Association (TGIA).