The Cambodian insurance sector continued its positive momentum through the first quarter of 2021 with a growth rate at 16.3 percent. That rate of growth was down somewhat from Q12020’s 20.8 percent.
Total insurance premiums for Q12021 were $85 million according to a report from the Insurance Association of Cambodia (IAC) that was issued on Monday. The IAC report cited that the general insurance and life insurance categories continued to see growth but expansion in the micro-insurance category actually reversed, with a loss in total revenue from the same time period last year.
General insurance premiums increased by nearly 20