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Cambodia's general insurance industry posts 27% growth

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Cambodia's general insurance industry registered an overall growth of 27% in 2014, The Phnom Penh Post reported.

Figures from the Insurance Association of Cambodia show that the gross premiums value totaled $53 million in 2014, up from $42 million in 2013. The insurance industry mirrors the Cambodian economy and has rebounded quickly following the global financial crises of 2008-2009, said Huy Vatharo, chairman of IAC. With sound economic performance projected for 2015, "we expect that insurance will experience similar growth as last year," said Mr. Vatharo.

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