Cambodian insurers see gross premiums inch up 1.92% in August

Number of policies in the general insurance market dwindled 31.9%.

The gross premiums of Cambodia’s insurers inched up 1.92% on a year-on-year (YoY) basis in August to $32.22m, attributable to higher growth in the life market but slightly offset by the contraction in the general sector, data from the Insurance Regulator of Cambodia showed.

This growth was smaller than the 16.9% in July, totalling $33.6m.

The life industry expanded by 5.3% YoY to $18.83m, whilst the number of policies fell 8.7% to 72,487.

Its general insurance market dipped 2.5% YoY to $13.39m. Whilst the number of policies dwindled 31.9% YoY to 20,802 during the period.