Cambodia's insurance regulator, the Insurance Regulator of Cambodia (IRC), launched a campaign to drive public outreach on mandatory coverage in the country's Ratanakiri province, news platform Khmer Times stated.
The campaign aimed to promote the development of Cambodia’s insurance segment, as well as raise awareness among local stakeholders, including representatives from provincial departments and institutions, associations and members of the public.
At the event, IRC deputy director general Hor Sovathana noted Cambodia’s rapid progress in insurance, pointing out that, as of 2025, the country has 36 licensed insurance companies and a gross premium volume of approximately $357m.
The segment also contributes around 1.13% to the national gross domestic product.
Ms Sovathana also highlighted the range of products available in the country, which includes life and health insurance, property coverage and motor vehicle liability, alongside microinsurance for the low-income population, among others.
Promotion and enforcement of mandatory insurance is one of the top priorities for the IRC, with efforts to raise public awareness through education and outreach, she said. Additionally, the regulator is working to ensure compliance in legal insurance obligations among the relevant authorities, institutions and citizens.