Previor Kampuchea Micro-life Insurance Plc (PKMI), a subsidiary of Groupe PREVOIR (GP), officially became the first micro-life insurance company in Cambodia when it opened last Friday.

Keat Chhon, the minister of economy & finance, said the company’s offer is a milestone towards helping Cambodians in low-income, rural areas.

“PKMI will participate in reducing the poverty in Cambodia by offering and promoting products that insure access to health care for Cambodians with low-income,” he said, adding that the company has received the full support from his ministry.

“GP has looked at the potential Cambodian micro-insurance market for the last couple of years. We are the first and only licensed micro-insurer to open a new page in the  Cambodian insurance industry,” said chairperson Cecile Gerard.