Cambodian Economy Reviews

The figures from the General Insurance Association of Cambodia – GIAC – revealed that the premium revenues from Cambodia’s insurance sector was up by 18 percent to USD8.2 million during the first five months of 2010, but it was down 25 percent compared to the same period last year. Chhay Rattanak, GIAC Chairman, was quoted [...]

INSURANCE premium revenue for the entire industry grew 19 percent in the first two months of this year and is forecast to grow around 20 percent for all of 2010, the Kingdom’s insurance association reported Tuesday. Chhay Rattanak, chairman of the General Insurance Association of Cambodia (GIAC), told the Post on Tuesday that, according to [...]

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 [...]

Cambodia’s first insurance agency had started in 1990 by the State-owned agency – Caminco. After the 1993 national election, the insurance industry is increasing when local and foreign investors have invested in the sector during nearly 20 years. Even though, it is noticed that insurance industry still face challenges in a market where a few [...]