2014-03-18 07:01:01 - The Insurance Industry in Cambodia, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
Despite there being only nine insurance companies operating in Cambodia in 2012, the insurance industry is growing. The global financial crisis affected the industry in 2009, as non-life insurance, the largest segment in the industry, registered a decline of 3.2%. Insurance penetration stood at 0.25% in 2012, which is very low when compared with developed countries.
The Cambodian insurance industry consists of both domestic and foreign insurers. The fire and motor insurance categories led the industry as the high rate of road accidents supported the growth of motor insurance, and the rising incidents of fires in garment manufacturing plants supported the growth of fire insurance.
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