PHNOM PENH: Cambodia’s insurance industry registered a gross premium of US$102 million in the first quarter of 2025, up 6 percent from US$96 million over the same period last year, according to a report of the Insurance Regulator of Cambodia (IRC).
The growth was generated from 18 general insurers, 14 life insurers, seven micro-insurance companies, and one reinsurance firm.
The report stated that the total amount of claims incurred was approximately US$22 million during the January-May period this year, representing a 34 percent increase from US$16 million over the same period last year.
The Kingdom’s insurance industry currently has more than US$1 billion in total assets.
IRC Director General H.E Bou Chanphirou said the insurance sector has been playing a crucial role in supporting the social security system and proactively contributing to national economic development.
“The insurance sector plays a crucial role in supporting the social security system and proactively contributing to national economic development,” he said.
He stated that the Kingdom’s insurance penetration was 1.17 percent of the gross domestic product (GDP) in 2024, with an insurance density of US$22 per person.