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Recently released market study: The Insurance Industry in Cambodia, Key Trends and Opportunities to 2017


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2013-12-17 06:19:33 - Recently published research from Timetric, "The Insurance Industry in Cambodia, Key Trends and Opportunities to 2017", is now available at Fast Market Research

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. Additionally, the inadequate public healthcare system increased the scope for private health insurance in Cambodia.

As a result of these factors, the industry grew at a compound annual growth rate (CAGR) of 14.6% during the review period (2008-2012).

Key Highlights

Full Report Details at
- www.fastmr.com/prod/755311_the_insurance_industry_in_cambodia_ke ..

* The insurance industry in Cambodia consists of nine insurers and one reinsurer
* Prior to 2012, there was no life insurance segment in the industry
* The high risk of natural disasters and a high rate of traffic accidents supported the segment's growth during the review period, and non-life insurance accounted for 78.3% of the industry's overall written premium in 2012
* In 2012, the premium per capita of the Cambodian insurance industry was US$2.4, while insurance penetration stood at 0.25%
* The Cambodian non-life segment was led by the property insurance category, followed by motor insurance, marine, aviation and transit, and general liability insurance
* Microinsurance is very popular in Cambodia, with low-premium microinsurance products attracting the attention of the country's low-income population

Scope

This report provides a comprehensive analysis of the insurance industry in Cambodia:

* It provides historical values for the Cambodian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key segments and sub-segments in the Cambodian insurance industry, along with forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
* It profiles the top insurance companies in Cambodia and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast industry data related to the Cambodian insurance industry and each segment within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Cambodian insurance industry
* Assess the competitive dynamics in the Cambodian insurance industry
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Cambodian insurance industry and its impact on companies and the industry's future

Companies Mentioned in this Report: Forte Insurance, Cambodian National Insurance Company, The Cambodia-Vietnam Insurance Company

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Size
4 Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total segment gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration as a percentage of GDP
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Non-Life Insurance Segment - Regional Benchmarking
5.1 Scale and Penetration
5.1.1 Total segment gross written premium
5.1.2 Premium per capita
5.1.3 Non-life insurance penetration as a percentage of GDP
5.2 Growth
5.2.1 Gross written premium
5.2.2 Gross written premium per capita
5.3 Efficiency and Risk
5.3.1 Loss ratio
5.3.2 Combined ratio
5.3.3 Incurred losses per capita
5.3.4 Incurred losses as a share of GDP
6 Personal Accident and Health Insurance Segment - Regional Benchmarking
6.1 Scale and Penetration
6.1.1 Total segment gross written premium
6.1.2 Premium per capita
6.1.3 Personal accident and health insurance penetration as a percentage of GDP
6.2 Growth
6.2.1 Gross written premium
6.2.2 Gross written premium per capita
6.3 Efficiency and Risk
6.3.1 Loss ratio
6.3.2 Combined ratio
6.3.3 Incurred losses per capita
6.3.4 Incurred losses as a percentage of GDP
7 Cambodian Insurance Industry Overview
7.1 Cambodian Insurance Industry
7.2 Key Industry Trends and Drivers
7.3 Challenges
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Legislation Trends by Type of Insurance
8.2.1 Life insurance regulatory trends
8.2.2 Property insurance regulatory trends
8.2.3 Motor insurance regulatory trends
8.2.4 Marine, aviation and transit insurance regulatory trends
8.2.5 Personal accident and health insurance regulatory trends
8.3 Compulsory Insurance
8.3.1 Construction insurance
8.3.2 Compulsory insurance of passenger transport
8.3.3 Worker's compensation insurance
8.3.4 Motor vehicle third-party liability insurance

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=755311&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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