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Synopsis
Timetric’s 'The Insurance Industry in Cambodia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Cambodian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Cambodian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'The Insurance Industry in Cambodia, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Cambodian insurance industry, including:

- The Cambodian insurance industry's growth prospects by segment and category

- A comprehensive overview of Cambodian economy and demographics

- The detailed competitive landscape in the Cambodian insurance industry

- The various distribution channels in the Cambodian insurance industry

- Detailed regulatory policies of the Cambodian insurance industry

- Analysis of natural hazards in Cambodian insurance industry

Scope
This report provides a comprehensive analysis of the insurance industry in Cambodia:

- It provides historical values for the Cambodian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key segments in the Cambodian insurance industry, along with market forecasts until 2019.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

- It analyzes the various distribution channels in Cambodia.

- It profiles the top insurance companies in Cambodia and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Cambodian insurance industry and each segment and category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Cambodian insurance industry.

- Assess the competitive dynamics in the Cambodian insurance industry.

- Identify the growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Cambodian insurance industry and their impact on companies and the industry's future.

Key Highlights
- The Cambodian insurance industry’s gross written premium grew at a review-period CAGR of 20.6%.

- The Ministry of Economy and Finance supervises and regulates the Cambodian insurance industry.

- The Cambodian insurance industry had seven general insurers and three life insurers operating in 2014.

- The non-life segment accounted for 78.1% of the industry's gross written premium in 2014, after recording a review-period CAGR of 20.4%.

- The personal accident and health segment accounted for 21.9% of the industry's gross written premium in 2014 and posted a review-period CAGR of 21.2%.

Table Of Contents

The Insurance Industry in Cambodia, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Segmentation
4.1 Non-Life Insurance
4.1.1 Property insurance
4.1.2 Motor insurance
4.1.3 Liability insurance
4.1.4 Marine, aviation and transit insurance
4.2 Personal Accident and Health Insurance
4.2.1 Personal accident insurance
4.2.2 Health insurance
4.3 Reinsurance
5 Natural Hazards
5.1 Floods
5.2 Droughts
5.3 Exposure
6 Competitive Landscape
6.1 Overview
6.2 Leading Companies
6.2.1 Forte Insurance - company overview
6.2.2 Infinity General Insurance Plc - company overview
6.2.3 Asia Insurance (Cambodia) Plc - company overview
6.2.4 Cambodian National Insurance Company - company overview
6.2.5 Cambodia - Vietnam Insurance Company Plc - company overview
6.2.6 Prudential (Cambodia) Life Assurance Plc - company overview
6.2.7 Cambodian Life Insurance Company Plc - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Liability insurance for contractors
7.4.2 Insurance for passenger liability on public transport
7.4.3 Worker's compensation
7.4.4 Motor third-party liability insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 Ministry of Economy and Finance
7.5.3 General Insurance Association of Cambodia (GIAC)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.8.6 Property tax
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Definitions and Methodology
8.1 What is this Report About?
8.2 Definitions
8.3 Methodology
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Cambodian Insurance Industry - Key Facts
Table 2: Cambodian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 3: Cambodian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 4: Cambodian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 5: Cambodian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 6: Cambodian Non-Life Insurance - Paid Claims (US$ Million), 2010-2014
Table 7: Cambodian Non-Life Insurance - Paid Claims (US$ Million), 2014-2019
Table 8: Cambodian Non-Life Insurance - Incurred Loss (US$ Million), 2010-2014
Table 9: Cambodian Non-Life Insurance - Incurred Loss (US$ Million), 2014-2019
Table 10: Cambodian Non-Life Insurance - Loss Ratio (%), 2010-2014
Table 11: Cambodian Non-Life Insurance - Loss Ratio (%), 2014-2019
Table 12: Cambodian Non-Life Insurance - Combined Ratio (%), 2010-2014
Table 13: Cambodian Non-Life Insurance - Combined Ratio (%), 2014-2019
Table 14: Cambodian Non-Life Insurance - Total Assets (US$ Million), 2010-2014
Table 15: Cambodian Non-Life Insurance - Total Assets (US$ Million), 2014-2019
Table 16: Cambodian Non-Life Insurance - Total Investment Income (US$ Million), 2010-2014
Table 17: Cambodian Non-Life Insurance - Total Investment Income (US$ Million), 2014-2019
Table 18: Cambodian Non-Life Insurance - Net Written Premium (US$ Million), 2010-2014
Table 19: Cambodian Non-Life Insurance - Net Written Premium (US$ Million), 2014-2019
Table 20: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2010-2014
Table 21: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2014-2019
Table 22: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2010-2014
Table 23: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2014-2019
Table 24: Cambodian Liability Insurance - Gross Written Premium (US$ Thousand), 2010-2014
Table 25: Cambodian Liability Insurance - Gross Written Premium (US$ Thousand), 2014-2019
Table 26: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2010-2014
Table 27: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2014-2019
Table 28: Cambodian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 29: Cambodian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 30: Cambodian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 31: Cambodian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 32: Cambodian Personal Accident and Health Insurance - Paid Claims (US$ Million), 2010-2014
Table 33: Cambodian Personal Accident and Health Insurance - Paid Claims (US$ Million), 2014-2019
Table 34: Cambodian Personal Accident and Health Insurance - Incurred Loss (US$ Million), 2010-2014
Table 35: Cambodian Personal Accident and Health Insurance - Incurred Loss (US$ Million), 2014-2019
Table 36: Cambodian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 37: Cambodian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 38: Cambodian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 39: Cambodian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 40: Cambodian Personal Accident and Health Insurance - Total Assets (US$ Million), 2010-2014
Table 41: Cambodian Personal Accident and Health Insurance - Total Assets (US$ Million), 2014-2019
Table 42: Cambodian Personal Accident and Health Insurance - Total Investment Income (US$ Thousand), 2010-2014
Table 43: Cambodian Personal Accident and Health Insurance - Total Investment Income (US$ Thousand), 2014-2019
Table 44: Cambodian Personal Accident and Health Insurance - Net Written Premium (US$ Million), 2010-2014
Table 45: Cambodian Personal Accident and Health Insurance - Net Written Premium (US$ Million), 2014-2019
Table 46: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2010-2014
Table 47: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2014-2019
Table 48: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2010-2014
Table 49: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2014-2019
Table 50: Cambodian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
Table 51: Cambodian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Table 52: Cambodian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Table 53: Cambodian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Table 54: Cambodian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Table 55: Cambodian Economic Loss by Hazard (US$ Million), 1990-2014
Table 56: Cambodian Average Annual Loss by Hazard (US$ Million), 1990-2014
Table 57: Overview of Recent Droughts in Cambodia, 2009-2015
Table 58: Economic Losses in Various Natural Hazards (US$ Million), 2009-2014
Table 59: Cambodian General Insurance Companies - Market Shares, 2011
Table 60: Cambodian Life Insurance Companies
Table 61: Cambodia - Vietnam Insurance Company Plc, Key Facts
Table 62: Infinity General Insurance Plc, Key Facts
Table 63: Asia Insurance (Cambodia) Plc, Key Facts
Table 64: Groupement Cambodialais d'Assurances Vie, Key Facts
Table 65: Cambodia - Vietnam Insurance Company Plc, Key Facts
Table 66: Prudential (Cambodia) Life Assurance Plc, Key Facts
Table 67: Cambodian Life Insurance Company Plc, Key Facts
Table 68: Cambodia - Insurance Regulatory Framework Key Features
Table 69: Cambodia - Life Insurance Regulatory Framework
Table 70: Cambodia - Property Insurance Regulatory Framework
Table 71: Cambodia - Motor Insurance Regulatory Framework
Table 72: Cambodia - Liability Insurance Regulatory Framework
Table 73: Cambodia - Corporation Tax Rates for the Financial Year 2015
Table 74: Insurance Industry Definitions

List of Figures
Figure 1: Cambodian Real GDP (KHR Trillion), 2010-2019
Figure 2: Cambodian Consumer Price Inflation (%), 2010-2019
Figure 3: KHR per US$ Exchange Rate, 2010-2019
Figure 4: Cambodian Unemployment Rate (%), 2010-2019
Figure 5: Employment Generation by Economic Sector (%), 2013
Figure 6: Cambodian Population by Age Group (%), 2010-2019
Figure 7: Cambodian Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2019
Figure 8: Cambodian Non-Life Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 9: Cambodian Non-Life Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 10: Cambodian Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2019
Figure 11: Cambodian Non-Life Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 12: Cambodian Non-Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 13: Cambodian Non-Life Insurance - Paid Claims (US$ Million), 2010-2014
Figure 14: Cambodian Non-Life Insurance - Paid Claims (US$ Million), 2014-2019
Figure 15: Cambodian Non-Life Insurance - Incurred Loss (US$ Million), 2010-2014
Figure 16: Cambodian Non-Life Insurance - Incurred Loss (US$ Million), 2014-2019
Figure 17: Cambodian Non-Life Insurance - Loss Ratio (%), 2010-2014
Figure 18: Cambodian Non-Life Insurance - Loss Ratio (%), 2014-2019
Figure 19: Cambodian Non-Life Insurance - Combined Ratio (%), 2010-2014
Figure 20: Cambodian Non-Life Insurance - Combined Ratio (%), 2014-2019
Figure 21: Cambodian Non-Life Insurance - Total Assets (US$ Million), 2010-2014
Figure 22: Cambodian Non-Life Insurance - Total Assets (US$ Million), 2014-2019
Figure 23: Cambodian Non-Life Insurance - Total Investment Income (US$ Million), 2010-2014
Figure 24: Cambodian Non-Life Insurance - Total Investment Income (US$ Million), 2014-2019
Figure 25: Cambodian Non-Life Insurance - Net Written Premium (US$ Million), 2010-2014
Figure 26: Cambodian Non-Life Insurance - Net Written Premium (US$ Million), 2014-2019
Figure 27: Cambodian Non-Life Insurance - Total Investment (US$ Million), 2010-2014
Figure 28: Cambodian Non-Life Insurance Penetration (%), 2010-2014
Figure 29: Cambodian Non-Life Insurance - Direct Premium per Capita (US$), 2010-2014
Figure 30: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2010-2014
Figure 31: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2014-2019
Figure 32: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2010-2014
Figure 33: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2014-2019
Figure 34: Cambodian Liability Insurance - Gross Written Premium (US$ Thousand), 2010-2014
Figure 35: Cambodian Liability Insurance - Gross Written Premium (US$ Thousand), 2014-2019
Figure 36: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2010-2014
Figure 37: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2014-2019
Figure 38: Cambodian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2019
Figure 39: Cambodian Personal Accident and Health Insurance - Gross Written Premium by Category (%), 2014 and 2019
Figure 40: Cambodian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 41: Cambodian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2019
Figure 42: Cambodian Personal Accident and Health Insurance - Direct Written Premium by Category (%), 2014 and 2019
Figure 43: Cambodian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 44: Cambodian Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014
Figure 45: Cambodian Personal Accident and Health Insurance - Paid Claims (US$ Million), 2014-2019
Figure 46: Cambodian Personal Accident and Health Insurance - Incurred Loss (US$ Million), 2010-2014
Figure 47: Cambodian Personal Accident and Health Insurance - Incurred Loss (US$ Million), 2014-2019
Figure 48: Cambodian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 49: Cambodian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 50: Cambodian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 51: Cambodian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 52: Cambodian Personal Accident and Health Insurance - Total Assets (US$ Million), 2010-2014
Figure 53: Cambodian Personal Accident and Health Insurance - Total Assets (US$ Million), 2014-2019
Figure 54: Cambodian Personal Accident and Health Insurance - Total Investment Income (US$ Thousand), 2010-2014
Figure 55: Cambodian Personal Accident and Health Insurance - Total Investment Income (US$ Thousand), 2014-2019
Figure 56: Cambodian Personal Accident and Health Insurance - Net Written Premium (US$ Million), 2010-2014
Figure 57: Cambodian Personal Accident and Health Insurance - Net Written Premium (US$ Million), 2014-2019
Figure 58: Cambodian Personal Accident and Health Insurance - Total Investment (US$ Million), 2010-2014
Figure 59: Cambodian Personal Accident and Health Insurance Penetration (%), 2010-2014
Figure 60: Cambodian Personal Accident and Health Insurance - Direct Premium per Capita (US$), 2010-2014
Figure 61: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2010-2014
Figure 62: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2014-2019
Figure 63: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2010-2014
Figure 64: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2014-2019
Figure 65: Cambodian Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2019
Figure 66: Cambodian Reinsurance - Dynamics by Insurance Segment, 2010-2019
Figure 67: Cambodian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Figure 68: Cambodian Non-Life Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2014-2019
Figure 69: Cambodian Personal Accident and Health Insurance - Percentage of Premium Ceded (Excluding Retrocession), 2010-2014
Figure 70: Cambodian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 71: Cambodian Frequency of Hazards by Type, 1990-2014
Figure 72: Cambodian Mortality by Hazards Type, 1990-2014
Figure 73: Cambodian Economic Losses Caused by Hazards by Type, 1990-2014
Figure 74: Cambodian General Insurance Companies - Market Shares, 2011
Figure 75: Cambodia - Insurance Supervision and Control at Various Levels
Figure 76: Cambodia - Insurance Regulatory Frameworks for Company Registration and Operation

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