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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Cambodian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Cambodia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Cambodian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Cambodia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Cambodia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Cambodia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Cambodia, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Cambodia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The non-life insurance market remains small in worldwide terms, albeit growing faster than many others to rank 125 in 2019, one place ahead of South-East Asian neighbour Myanmar and up from 140 two years earlier. While growth of 14.7% in in USD terms in non-life classes including personal accident and healthcare was again in 2019 outstripped by life (42.7%), it was a milestone year as non-life premiums passed USD 100mn for the first time.
Growth has been accompanied and/or driven by new entrants ....
This is a brief extract of information; more updated information may be available in the latest published report