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/Siborey Sean from Unsplash
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.
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