Logo of Phnom Penh Post newspaper Phnom Penh Post - AIA licensed to launch Cambodia operations

AIA licensed to launch Cambodia operations

AIA licensed to launch Cambodia operations

The Ministry of Economy and Finance has issued a licence to AIA (Cambodia) Life Insurance Plc, a wholly owned subsidiary of Hong Kong-listed AIA Group Ltd, to operate in Cambodia, the company said in a press release on Friday.

The group, the second-largest life insurer in the world by market capitalisation, said it plans to begin operating in the Kingdom by the end of the year. AIA will join a rapidly growing life insurance market in Cambodia, which grew by 95 percent in 2016 with $24.4 million in premiums.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to