THE country’s fledgling insurance industry saw revenues pick up at the end of the year to record an annualised 2.86 percent drop in premiums, officials said. Chhay Rattanak, chairman of the General Insurance Association of Cambodia (GIAC), said that total premium revenues for 2009 fell to US$20.07 million. “The global financial crisis is impacting on [...]
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Cambodian insurance sector not hit by recession
March 14th, 2009 
Cambodia Economy The global economic crisis did not hit Cambodia’s fledgling insurance industry but the insurance sector experienced 18 percent growth in premium income last year. The insurance market size, however, has only total value of 20.5 million US dollars. It is estimated that only one and two percent of14 million of population can afford the insurance. [...]
