Cambodia's gross premiums surge 16.9% YoY in July

The life insurance market’s contraction was offset by its general insurance.

Cambodia’s gross premiums rose by 16.9% on a year-on-year (YoY) basis in July to $33.6m, attributable to higher growth in life insurance and general insurance coverage.

This was an improvement from the 0.9% YoY contraction seen the previous month, totalling $28.5m.

The life industry surged 22.7% YoY to $19.4m, whilst the number of policies also modestly grew 0.32% to 82,710.

Its general insurance market climbed 9.8% YoY to $14.2m. However, its number of policies contracted 23.9% YoY to 21,928 during the period.