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The Insurance Industry in Cambodia, Key Trends and Opportunities to 2020

  • ID: 4190833
  • Report
  • March 2017
  • 114 pages
  • Timetric
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The 'The Insurance Industry in Cambodia, Key Trends and Opportunities to 2020' report provides a detailed analysis of 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 (2011-2015) and forecast (2015-2020) periods.

The report also gives a comprehensive overview of the Cambodian economy and demographics, and provides detailed information on the competitive landscape in the country. It also includes analysis of the impact of natural hazards on the insurance industry.

The report brings together 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:

The 'The Insurance Industry in Cambodia, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Cambodian insurance industry, including:

- An overview of the Cambodian insurance industry

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

- A comprehensive overview of the Cambodian economy and demographics

- The detailed competitive landscape in the Cambodian insurance industry

- Details of regulatory policy applicable to the Cambodian insurance industry

- An analysis of natural hazards in the 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 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

- It offers a detailed analysis of the key segments in the Cambodian insurance industry, with market forecasts to 2020.

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

- It profiles the top insurance companies in Cambodia, and highlights recent developments.

- It covers the economy and demographic structure of Cambodia.

- It analyzes the impact of natural hazards in the Cambodian insurance industry.

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 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:

- In February 2017, Cambodia Rice Federation (CRF) started talks with industry experts on the development and promotion of agriculture insurance schemes in the country.

- In March 2016, the Cambodian insurance regulator (Ministry of Economy and Finance - MEF) announced plans to develop and revise regulations related to life insurance business in the country.

- The MEF permits 100% foreign direct investment in the insurance industry and, as a result, both domestic and foreign insurance companies are present in the country.

- The top four general insurers together accounted for 84.2% of the country’s gross written premium.
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1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Assets and investments
5 Non-Life Insurance Outlook
5.1 Property Insurance
5.1.1 Gross written premium
5.1.2 Penetration
5.1.3 Profitability
5.2 Motor Insurance
5.2.1 Gross written premium
5.2.2 Penetration
5.2.3 Profitability
5.3 Liability Insurance
5.3.1 Gross written premium
5.3.2 Penetration
5.3.3 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Gross written premium
5.4.2 Penetration
5.4.3 Profitability
6 Personal Accident and Health Insurance Outlook
6.1 Personal Accident Insurance
6.1.1 Gross written premium
6.1.2 Penetration
6.1.3 Profitability
6.2 Health Insurance
6.2.1 Gross written premium
6.2.2 Penetration
6.2.3 Profitability
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Man-Made Hazards
9.4 Epidemic
9.5 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Forte Insurance Company - company overview
10.1.2 Infinity General Insurance Plc - company overview
10.1.3 Campu Lonpac Insurance Plc - company overview
10.1.4 Asia Insurance (Cambodia) Plc - company overview
10.1.5 Cambodia - Vietnam Insurance Company Plc - company overview
10.1.6 Cambodian National Insurance Company - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Liability insurance for contractors
11.4.2 Motor third-party liability insurance
11.4.3 Insurance for passenger liability on public transport
11.4.4 Worker’s compensation
11.4.5 Professional indemnity insurance for insurance brokers
11.4.6 Liability insurance for ships with respect to oil pollution
11.5 Supervision and Control
11.5.1 International Association of Insurance Supervisors
11.5.2 Ministry of Economy and Finance
11.5.3 General Insurance Association of Cambodia (GIAC)
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.8.6 Property tax
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Non-Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Assets and investments
12.1.4 Property insurance by product
12.1.5 Motor insurance
12.1.6 Liability insurance
12.1.7 Marine, aviation and transit insurance
12.2 Personal Accident and Health Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Assets and investments
12.2.4 Personal accident insurance
12.2.5 Health insurance
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About
14.1 Contact
14.2 About
14.3 Services
14.4 Disclaimer

List of Tables
Table 1: Cambodian Insurance Industry - Key Facts, 2015
Table 2: Cambodian Insurance Industry -Top Insurers, 2015
Table 3: Cambodian Number of Fatalities by Mode of Transportation, 2011-2015
Table 4: Cambodian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2011-2015
Table 5: Cambodian Insurance Industry - Gross Written Premium by Segment (US$ Million), 2015-2020
Table 6: Cambodian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (US$), 2011-2015
Table 7: Cambodian Insurance Industry - Density (Direct Written Premium Per Capita) by Segment (US$), 2015-2020
Table 8: Cambodian Insurance Industry - Total Assets by Segment (US$ Million), 2011-2015
Table 9: Cambodian Insurance Industry - Total Assets by Segment (US$ Million), 2015-2020
Table 10: Cambodian Insurance Industry - Total Investment Income by Segment (US$ Million), 2011-2015
Table 11: Cambodian Insurance Industry - Total Investment Income by Segment (US$ Million), 2015-2020
Table 12: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2011-2015
Table 13: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2015-2020
Table 14: Cambodian Property Insurance - Loss Ratio (%), 2011-2015
Table 15: Cambodian Property Insurance - Loss Ratio (%), 2015-2020
Table 16: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2011-2015
Table 17: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2015-2020
Table 18: Cambodian Motor Insurance - Loss Ratio (%), 2011-2015
Table 19: Cambodian Motor Insurance - Loss Ratio (%), 2015-2020
Table 20: Cambodian Liability Insurance - Gross Written Premium (US$ Thousands), 2011-2015
Table 21: Cambodian Liability Insurance - Gross Written Premium (US$ Thousands), 2015-2020
Table 22: Cambodian Liability Insurance - Loss Ratio (%), 2011-2015
Table 23: Cambodian Liability Insurance - Loss Ratio (%), 2015-2020
Table 24: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2011-2015
Table 25: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2015-2020
Table 26: Cambodian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 27: Cambodian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 28: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2011-2015
Table 29: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2015-2020
Table 30: Cambodian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 31: Cambodian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 32: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2011-2015
Table 33: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2015-2020
Table 34: Cambodian Health Insurance - Loss Ratio (%), 2011-2015
Table 35: Cambodian Health Insurance - Loss Ratio (%), 2015-2020
Table 36: Cambodian Reinsurance - Premium Ceded by Insurance Segment (US$ Million), 2011-2015
Table 37: Cambodian Reinsurance - Premium Ceded by Insurance Segment (US$ Million), 2015-2020
Table 38: Cambodian Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 39: Forte Insurance Company - Key Facts
Table 40: Infinity General Insurance Plc - Key Facts
Table 41: Campu Lonpac Insurance Plc - Key Facts
Table 423: Asia Insurance (Cambodia) Plc - Key Facts
Table 43: Cambodia - Vietnam Insurance Company Plc - Key Facts
Table 44: Cambodian National Insurance Company - Key Facts
Table 45: Cambodia - Insurance Regulatory Framework Key Features
Table 46: Cambodia - Life Insurance Regulatory Framework
Table 47: Cambodia - Property Insurance Regulatory Framework
Table 48: Cambodia- Motor Insurance Regulatory Framework
Table 49: Cambodia- Motor Insurance Regulatory Framework
Table 50: Cambodia - Liability Insurance Regulatory Framework
Table 51: Cambodia - Corporate Tax Rates for the Financial Year 2017
Table 52: Cambodian Non-Life Insurance - Policies and Premium, 2011-2015
Table 53: Cambodian Non-Life Insurance - Policies and Premium, 2015-2020
Table 54: Cambodian Non-Life Insurance - Claims and Expenses, 2011-2015
Table 55: Cambodian Non-Life Insurance - Claims and Expenses, 2015-2020
Table 56: Cambodian Non-Life Insurance - Assets and Investments, 2011-2015
Table 57: Cambodian Non-Life Insurance - Assets and Investments, 2015-2020
Table 58: Cambodian Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 59: Cambodian Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 60: Cambodian Non-Life Insurance - Motor Insurance, 2011-2015
Table 61: Cambodian Non-Life Insurance - Motor Insurance, 2015-2020
Table 62: Cambodian Non-Life Insurance - Liability Insurance, 2011-2015
Table 63: Cambodian Non-Life Insurance - Liability Insurance, 2015-2020
Table 64: Cambodian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 65: Cambodian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 66: Cambodian Personal Accident and Health Insurance - Policies and Premium, 2011-2015
Table 67: Cambodian Personal Accident and Health Insurance - Policies and Premium, 2015-2020
Table 68: Cambodian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 69: Cambodian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 70: Cambodian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 71: Cambodian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 72: Cambodian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 73: Cambodian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 74: Cambodian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 75: Cambodian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 76: Insurance Industry Definitions

List of Figures
Figure 1: Cambodian Real GDP (US$ Billion), 2011-2020
Figure 2: Cambodian Consumer Price Inflation (%), 2011-2020
Figure 3: Cambodian Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 4: Cambodian Unemployment Rate, 2011-2020
Figure 5: Cambodian Population by Age Group, 1990-2025
Figure 6: Cambodian Insurance Industry - Gross Written Premium by Segment, 2011-2020
Figure 7: Cambodian Insurance Industry - Density by Segment (US$), 2011-2020
Figure 8: Cambodian Insurance Industry - Total Assets by Segment (US$ Million), 2011-2020
Figure 9: Cambodian Insurance Industry - Total Investment Income by Segment (US$ Million), 2011-2020
Figure 10: Cambodian Property Insurance - Gross Written Premium (US$ Million), 2011-2020
Figure 11: Cambodian Property Insurance - Penetration (%), 2011-2015
Figure 12: Cambodian Property Insurance - Penetration (%), 2015-2020
Figure 13: Cambodian Property Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Million and %), 2011-2020
Figure 14: Cambodian Motor Insurance - Gross Written Premium (US$ Million), 2011-2020
Figure 15: Cambodian Motor Insurance - Penetration (%), 2011-2015
Figure 16: Cambodian Motor Insurance - Penetration (%), 2015-2020
Figure 17: Cambodian Motor Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Million and %), 2011-2020
Figure 18: Cambodian Liability Insurance - Gross Written Premium (US$ Thousands), 2011-2020
Figure 19: Cambodian Liability Insurance - Penetration (%), 2011-2015
Figure 20: Cambodian Liability Insurance - Penetration (%), 2015-2020
Figure 21: Cambodian Liability Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Thousand and %), 2011-2020
Figure 22: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (US$ Million), 2011-2020
Figure 23: Cambodian Marine, Aviation and Transit Insurance - Penetration (%), 2011-2015
Figure 24: Cambodian Marine, Aviation and Transit Insurance - Penetration (%), 2015-2020
Figure 25: Cambodian Marine, Aviation and Transit Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Thousand and %), 2011-2020
Figure 26: Cambodian Personal Accident Insurance - Gross Written Premium (US$ Million), 2011-2020
Figure 27: Cambodian Personal Accident Insurance - Penetration (%), 2011-2015
Figure 28: Cambodian Personal Accident Insurance - Penetration (%), 2015-2020
Figure 29: Cambodian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Million and %), 2011-2020
Figure 30: Cambodian Health Insurance - Gross Written Premium (US$ Million), 2011-2020
Figure 31: Cambodian Health Insurance - Penetration (%), 2011-2015
Figure 32: Cambodian Health Insurance - Penetration (%), 2015-2020
Figure 33: Cambodian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (US$ Million and %), 2011-2020
Figure 34: Cambodian Reinsurance - Premium Ceded by Insurance Segment (US$ Million), 2011-2020
Figure 35: Cambodian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 36: Cambodian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 37: Cambodian - Frequency of Hazards by Type, 1990-2014
Figure 38: Cambodian Mortality by Hazards Type, 1990-2014
Figure 39: Cambodian Economic Loss by Hazards Type, 1990-2014
Figure 40: Cambodian Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 41: Cambodia - Insurance Supervision and Control at Various Levels
Figure 42: Cambodia - Insurance Regulatory Frameworks for Company Registration and Operation
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Forte Insurance Company
Infinity General Insurance Plc
Campu Lonpac Insurance Plc
Asia Insurance (Cambodia) Plc
Cambodia - Vietnam Insurance Company Plc
Cambodian National Insurance Company (Caminco)
People & Partner Insurance (PPI)
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