Life Report

Product Insurance Market Reports Life Rev Cambodia

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Cambodia's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Cambodia's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Cambodia

The Cambodia life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Cambodia.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Cambodia and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Cambodia’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Cambodia is available.

Axco’s report describes the regulatory framework that applies to the Cambodia domestic life insurance sector, including whether non-admitted insurance is permitted in Cambodia; as well as the legislation necessary to know regarding Cambodia’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Cambodia with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Cambodian market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Cambodia, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Cambodian pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Cambodia report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Cambodia Life and Benefits Report Extract

Below are brief extracts of information from the Cambodia Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

For life business in 2019 Cambodia ranked 89 worldwide in premium income according to Axco Global Statistics, between Latvia and Oman. It had risen from 108 in 2017 after average annual growth approaching 50% in the two intervening years.

The life sector's USD 142.8mn premiums in 2019 represented 58.1% of the total market, pulling further ahead of the non-life sector (including personal accident and healthcare), which it overtook for the first time in 2018.


A number of employers are understood to have made provision for retirement benefits on a voluntary basis, careful to ensure that contributions do not exceed 10% of salary to avoid attracting "fringe benefit" taxation for employers (not employees). Such schemes are arranged acknowledging future responsibility for social security old age benefits once these are introduced as provided under the 2019 social security law.

After a broadening of social security benefits in other areas such as occupational risks and health in recent years, the Law on Social Security Schemes of 2 November 2019 included provisions ....


Healthcare, written by non-life insurers, grew by some 30% in 2019 to USD 18.7mn, representing 7.6% of the total market (excluding microinsurance). The above figures do not include medical and health business written by microinsurers of USD 2.8mn in 2019, representing almost 40% of all microinsurance premiums in that year.

In June 2020, it was reported that foreigners entering the country were required not only to produce evidence of insurance worth at least USD 50,000 but to also put down a cash or credit card deposit of USD 3,000. The Cambodian authorities and health services were  ....

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