Recent Study: The Insurance Industry in Cambodia, Key Trends and Opportunities to 2017

Despite there being only nine insurance companies operating in Cambodia in 2012, the insurance industry is growing. The global financial crisis affected the industry in 2009, as non-life insurance, the largest segment in the industry, registered a decline of 3.2%. Insurance penetration stood at 0.25% in 2012, which is very low when compared with developed countries. The Cambodian insurance industry consists of both domestic and foreign insurers. The fire and motor insurance categories led the industry as the high rate of road accidents supported the growth of motor insurance, and the rising incidents of fires in garment manufacturing plants supported the growth of fire insurance. Additionally, the inadequate public healthcare system increased the scope for private health insurance in Cambodia. As a result of these factors, the industry grew at a compound annual growth rate (CAGR) of 14.6% during the review period (2008-2012).

Full Report Details at
- http://www.fastmr.com/prod/755311_the_insurance_industry_in_cambodia_key_trends_and.aspx?afid=303

Key Highlights

* The insurance industry in Cambodia consists of nine insurers and one reinsurer
* Prior to 2012, there was no life insurance segment in the industry
* The high risk of natural disasters and a high rate of traffic accidents supported the segment's growth during the review period, and non-life insurance accounted for 78.3% of the industry's overall written premium in 2012
* In 2012, the premium per capita of the Cambodian insurance industry was US$2.4, while insurance penetration stood at 0.25%
* The Cambodian non-life segment was led by the property insurance category, followed by motor insurance, marine, aviation and transit, and general liability insurance
* Microinsurance is very popular in Cambodia, with low-premium microinsurance products attracting the attention of the country's low-income population

Scope

This report provides a comprehensive analysis of the insurance industry in Cambodia:

* It provides historical values for the Cambodian insurance industry for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key segments and sub-segments in the Cambodian insurance industry, along with forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
* It profiles the top insurance companies in Cambodia and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast industry data related to the Cambodian insurance industry and each segment within it
* Understand the demand-side dynamics, key trends and growth opportunities within the Cambodian insurance industry
* Assess the competitive dynamics in the Cambodian insurance industry

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