Prudential Cambodia has inaugurated its new headquarters in the heart of Phnom Penh, marking another new chapter in the company's ongoing commitment to enhancing its service capabilities and supporting the growth of the insurance industry in Cambodia.
AIA Cambodia recently kicked-off the second edition of their AIA Children's Day football tournament by expanding the well-received and inclusive event to 40 teams.
Cambodia's insurance sector continued to expand, with the total premium reaching $96.6m in the January-March period this year, according to data from the Insurance Regulator of Cambodia (IRC).
Manulife Cambodia has introduced Manulife Premier, a new, comprehensive life insurance solution designed to offer entrepreneurs, SMEs, and affluent individuals with a financial protection plan and a legacy for a better future for their future generations.
In a positive indicator of the financial awareness in the country, Cambodians surrendered fewer insurance policies in 2023.
The Cambodian government has a long-term goal of increasing the insurance penetration rate in the country to 5.5% by 2030. It would also be desirable for insurance density to hit $135 a person, according to Insurance Regulator of Cambodia director-general Bou Chanphirou.
Endowment policies have traditionally been popular in Cambodia. In 2023, they formed as high as 82% of all life insurance policies sold in the Kingdom.
Prudential (Cambodia) Life Assurance and Wing Bank (Cambodia) have announced a strategic bancassurance partnership, endorsed by the Insurance Regulator of Cambodia, and the National Bank of Cambodia.
AIA Cambodia has launched "WorkWell with AIA", a programme that aims to positively impact the health and well-being of their corporate solutions customers and empower the Cambodian corporate workforce to live Healthier, Longer, Better Lives.
Cambodia's insurance industry saw total premium income increase by 3% to $342m in 2023 from $331.8m in 2022, according to data from the Insurance Regulator of Cambodia (IRC).