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Cambodia’s insurance mart shows robust growth in 1Q

  • Publish Date: Posted almost 7 years ago

In the first quarter of 2017, the Insurance Association of Cambodia have said that Cambodia’s insurance industry reported total premiums of US$36.2 million, up nearly 24% over the same period last year. 

The Southeast Asian country has seven general insurers, that collected $21.6 million in gross premiums during January –March period, up 6.3% over the same period last year and six life insurers that posted gross premiums of $14.6 million, a surge of 63.5%.

Mr Huy Vatharo, Chairman of the Insurance Association of Cambodia, said that the growth in both life and general insurance was a good sign reflecting greater understanding among Cambodians of the idea of insurance and also reflected strong economic growth and investments.