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Forte Insurance (Cambodia) Plc will team up with civil society organisations to study the feasibility of providing freshwater aquaculture insurance services in the Kingdom.
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Revenue of insurance sector rises 7.3% to $271M in 2020
Thu, 13 May 2021
The insurance sector in Cambodia earned $271.5 million in premiums last year, increasing by 7.31 per cent from $253 million in 2019, even as most of the service sector showed negative signs in 2020, the Insurance Association of Cambodia (IAC) reported on May 12.
Of that, general and life insurance premiums came to $113.8 and $152.3 million, surging by 10.5 and 6.6 per cent year-on-year, and accounting for 41.9 and 56.1 per cent of the total.
Micro-insurance premiums were to the tune of $5.4 million, down by 24.6 per cent year-on-year, and accounted for just two per cent of the total, IAC said.
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Thu, 17 December 2020
Tech start-ups BanhJi FinTech Co Ltd and Driver Design Studio Ltd (DRVR) on December 16 bagged an investment fund from the Smart Axiata Digital Innovation Fund (SADIF) to further expand their businesses and meet the needs of their customers, SADIF said in a press release.
Local firm BanhJi is a financial platform for micro, small and medium-sized enterprises (MSMEs) while the Thai-based DRVR is a fleet analytics software provider for logistics and passenger vehicles.
SADIF is a $5 million venture capital fund that focuses exclusively on digital firms. Managed by Mekong Strategic Partners Co Ltd (MSP) and backed by investments from Malaysian-owned Smart Axiata Co Ltd, a leading telecommunications service provider in the Kingdom, as well as Forte Insurance (Cambodia) Plc, the priority for SADIF is Cambodia-focused technology companies.