Cambodia has reportedly launched its first
life insurance company, with the official inauguration of Cambodian
Life.
In September 2011, Life Insurance
International reported that the new company is an initiative
of the Cambodian government which will retain 51% of Cambodian
Life’s equity following its establishment.
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The remaining 49% will be divided
between four foreign insurers: Indonesian insurer PT Asuransi, Thai
insurers Bangkok Life Assurance and Bangkok Insurance Public, and
Hong Kong-based Asia Insurance Group.
It is reported that to date the
company is offering three types of insurance: mortgage insurance,
whole life insurance and term insurance.
