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Take-up of construction insurance low in Cambodia: Officials


Officials have said that many investors, builders and developers in Cambodia are not insuring their projects despite strong growth in investment in the construction sector, reports Khmer Times.

"Forte has paid out millions of dollars in insurance" to some construction firms, but "the number of companies buying insurance is low," said an official at Forte Insurance (Cambodia) P.L.C. An official at Cambodia's Ministry of Economic and Finance also urged "construction companies as well developers to buy insurance to protect their projects."

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