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Market Research Report

The Insurance Industry in Cambodia, Key Trends and Opportunities to 2022

Published by GlobalData Product code 661507
Published Content info 91 Pages
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The Insurance Industry in Cambodia, Key Trends and Opportunities to 2022
Published: June 30, 2018 Content info: 91 Pages
Description

This 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 and claims during the review period (2013-2017) and forecast period (2017-2022).

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 GlobalData'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.

GlobalData's 'The Insurance Industry in Cambodia, Key Trends and Opportunities to 2022' 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 the Cambodian economy and demographics
  • Details of the competitive landscape in the Cambodian insurance industry
  • The various distribution channels in the Cambodian insurance industry
  • Details of regulatory policy applicable to the Cambodian insurance industry
  • Analysis of natural hazards in the Cambodian insurance industry.

Key Highlights

  • In July 2017, the Finance Ministry of Cambodia and the Office of Insurance Commission (OIC), Thailand signed a Memorandum of Understanding (MoU) to strengthen insurance regulations in Cambodia.
  • The MEF permits 100% foreign direct investment (FDI) in the insurance industry, which makes the industry competitive.
  • In May 2018, Amret Microfinance Institution entered into an association with AIA to offer the life and health insurance products of AIA to the customers of Amret.

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 2013-2017 review period, and projected figures for the 2017-2022 forecast period.
  • It offers a detailed analysis of the key segments in the Cambodian insurance industry, with market forecasts to 2022.
  • It covers an exhaustive list of parameters, including written premium and claims.
  • 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.
Table of Contents
Product Code: GDIS1696MR

Table of Contents

  • 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 Insurance density
  • 5 Life Insurance Outlook
  • 6 General Insurance Outlook
  • 6.1 Segment Indicators
  • 6.1.1 Gross written premium
  • 6.1.2 Penetration
  • 6.2 Property Insurance
  • 6.2.1 Gross written premium
  • 6.3 Motor Insurance
  • 6.3.1 Gross written premium
  • 6.4 Marine, Aviation and Transit Insurance
  • 6.4.1 Gross written premium
  • 6.5 Personal Accident and Health Insurance
  • 6.5.1 Gross written premium
  • 6.6 Miscellaneous
  • 6.6.1 Gross written premium
  • 7 Reinsurance Outlook
  • 8 Distribution Channel Outlook
  • 9 Natural and Man-Made Hazards
  • 9.1 Flooding
  • 9.2 Droughts
  • 9.3 Epidemics
  • 9.4 Man-Made Hazards
  • 9.5 Exposure
  • 10 Competitive Landscape
  • 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 Life Insurance
  • 12.1.1 Policies and premium
  • 12.1.2 Claims and expenses
  • 12.1.3 Individual life insurance
  • 12.1.4 Group life insurance
  • 12.2 General Insurance
  • 12.2.1 Policies and premium
  • 12.2.2 Claims and expenses
  • 12.2.3 Property insurance
  • 12.2.4 Property insurance by category
  • 12.2.5 Motor insurance
  • 12.2.6 Marine, aviation and transit insurance
  • 12.2.7 Personal accident and health insurance
  • 12.2.8 Personal accident and health insurance by category
  • 12.2.9 Miscellaneous
  • 13 Definitions and Methodology
  • 13.1 Definitions
  • 13.2 Methodology
  • 14 About GlobalData
  • 14.1 Contact GlobalData
  • 14.2 About GlobalData
  • 14.3 GlobalData's Services
  • 14.4 Disclaimer

List of Tables

  • Table 1: Cambodian Insurance Industry - Key Facts, 2017
  • Table 2: Cambodian Government Credit Ratings
  • Table 3: Cambodian Insurance Industry - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 4: Cambodian Insurance Industry - Density (KHR), 2013-2017
  • Table 5: Cambodian General Insurance - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 6: Cambodian General Insurance - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 7: Cambodian Property Insurance - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 8: Cambodian Property Insurance - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 9: Cambodian Motor Insurance - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 10: Cambodian Motor Insurance - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 11: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 12: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 13: Cambodian Personal Accident and Health Insurance - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 14: Cambodian Personal Accident and Health Insurance - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 15: Cambodian Miscellaneous - Gross Written Premium (KHR Billion and US$ Million), 2013-2017
  • Table 16: Cambodian Miscellaneous - Gross Written Premium (KHR Billion and US$ Million), 2017-2022
  • Table 17: Cambodia - Insurance Regulatory Framework Key Features
  • Table 18: Cambodia - Life Insurance Regulatory Framework
  • Table 19: Cambodia - Property Insurance Regulatory Framework
  • Table 20: Cambodia- Motor Insurance Regulatory Framework
  • Table 21: Cambodia- Motor Insurance Regulatory Framework
  • Table 22: Cambodia - Liability Insurance Regulatory Framework
  • Table 23: Cambodia - Corporate Tax Rates for the Financial Year 2017
  • Table 24: Cambodian Life Insurance - Policies and Premium, 2013-2017
  • Table 25: Cambodian Life Insurance - Policies and Premium, 2017-2022
  • Table 26: Cambodian Life Insurance - Claims and Expenses, 2013-2017
  • Table 27: Cambodian Life Insurance - Individual Life Insurance, 2013-2017
  • Table 28: Cambodian Life Insurance - Group Life Insurance, 2013-2017
  • Table 29: Cambodian General Insurance - Policies and Premium, 2013-2017
  • Table 30: Cambodian General Insurance - Policies and Premium, 2017-2022
  • Table 31: Cambodian General Insurance - Claims and Expenses, 2013-2017
  • Table 32: Cambodian General Insurance - Claims and Expenses, 2017-2022
  • Table 33: Cambodian General Insurance - Property Insurance, 2013-2017
  • Table 34: Cambodian General Insurance - Property Insurance, 2017-2022
  • Table 35: Cambodian General Insurance - Property Insurance by Category, 2013-2017
  • Table 36: Cambodian General Insurance - Property Insurance by Category, 2017-2022
  • Table 37: Cambodian General Insurance - Motor Insurance, 2013-2017
  • Table 38: Cambodian General Insurance - Motor Insurance, 2017-2022
  • Table 39: Cambodian General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
  • Table 40: Cambodian General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
  • Table 41: Cambodian General Insurance - Personal Accident and Health Insurance, 2013-2017
  • Table 42: Cambodian General Insurance - Personal Accident and Health Insurance, 2017-2022
  • Table 43: Cambodian General Insurance - Personal Accident and Health Insurance by Category, 2013-2017
  • Table 44: Cambodian General Insurance - Personal Accident and Health Insurance by Category, 2017-2022
  • Table 45: Cambodian General Insurance - Miscellaneous, 2013-2017
  • Table 46: Cambodian General Insurance - Miscellaneous, 2017-2022
  • Table 47: Insurance Industry Definitions

List of Figures

  • Figure 1: Cambodian Real GDP (KHR Trillion), 2013-2022
  • Figure 2: Cambodian Exchange Rate (KHR per US$), 2013-2022
  • Figure 3: Cambodian Consumer Price Inflation (%), 2013-2022
  • Figure 4: Cambodian Current Account Balance as Percentage of GDP (%), 2013-2017
  • Figure 5: Cambodian Unemployment Rate, 2013-2022
  • Figure 6: Cambodian Population by Age Group, 2013-2022
  • Figure 7: Cambodian Insurance Industry - Gross Written Premium (KHR Billion), 2013-2017
  • Figure 8: Cambodian Insurance Industry - Density (KHR), 2013-2017
  • Figure 9: Cambodian General Insurance - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 10: Cambodian General Insurance - Penetration (%), 2013-2017
  • Figure 11: Cambodian General Insurance - Penetration (%), 2017-2022
  • Figure 12: Cambodian Property Insurance - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 13: Cambodian Motor Insurance - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 14: Cambodian Marine, Aviation and Transit Insurance - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 15: Cambodian Personal Accident and Health Insurance - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 16: Cambodian Miscellaneous - Gross Written Premium (KHR Billion), 2013-2022
  • Figure 17: Cambodia - Insurance Supervision and Control at Various Levels
  • Figure 18: Cambodia - Insurance Regulatory Frameworks for Company Registration and Operation
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