The Insurance Regulator of Cambodia (IRC) has a vision of expanding the value of private insurance premiums to 5.5 per cent of the Kingdom’s gross domestic product (GDP), likely through the introduction of compulsory private vehicle insurance, according to an IRC senior official.
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Prudential celebrated its 10th anniversary in Cambodia at the Raffles Grand Hotel d’Angkor recently. This was followed by a gala dinner at Thommanon Temple in Siem Reap province.
The Cambodian insurance sector’s gross written premiums (GWP) for 2022 amounted to $331.866 million, up by 10.68 per cent from $299.835 million a year earlier, according to an Insurance Regulator of Cambodia (IRC) report.