Marking a decisive step
towards normalising its economy, Cambodia is to get its first life
insurance company. The new company, to be named Cambodian Life
Insurance, is an initiative of the Cambodian government which will
retain 51% of the new insurer’s equity following its
establishment.
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.
Go deeper with GlobalData
As part of Cambodia’s
embryonic insurance market, Cambodian Life Insurance will join the
six existing general insurers.
According to the US Central Intelligence Agency, between
2004 and 2007 Cambodia’s economy grew about 10% per year GDP,
contracted slightly in 2009 as a result of the global economic
crisis, before resuming growth at about 6% in 2010. Cambodia has a
population of 14.7m of which a half is less than 25 years
old.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
