Figure of the General Insurance Association of Cambodia showed that the incomes from insurance sector had increased significantly with the growth of 19 % in 2011 compared with 2010’s figure, the paper said.
Those incomes were from fire (26 %), motor vehicle (19%), health (15%), engineering (13%), and other insurance (17%).
Though the revenue from insurance makes the income soar, but it is also required to compensate up to $ 33 million due to the fire of some garment factories, the newspaper says.
Cambodia now has six insurance companies, including Forte, Caminco, Asia Campubank, Infinity, and Cambodia-Vietnam Insurance Companies.
The paper says life insurance is not available in Cambodia yet, but it is expected to exist soon. source: Herald
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