Cambodia’s Insurance Market Growth in 1Q2025
The Cambodian insurance industry experienced a 6% growth in total gross premiums during the first quarter of 2025, reaching $102.3 million compared to $96.6 million in the same period of 2024, according to data released by the Insurance Regulator of Cambodia (IRC).
The growth was primarily driven by the non-life insurance business. This sector has been a significant contributor to the overall performance of the insurance industry in Cambodia.
Key Highlights
- Total gross premiums: $102.3 million (6% increase from 1Q2024)
- Main driver: Non-life insurance business
- Regulatory oversight: Insurance Regulator of Cambodia (IRC)
The IRC continues to monitor and regulate the industry to ensure its stability and growth. The positive trend in the non-life insurance sector is expected to contribute to the overall development of Cambodia’s insurance market.
As the industry continues to evolve, it is likely that we will see further enhancements in both life and non-life insurance products, catering to the growing needs of the Cambodian population and businesses.
