Logo of Phnom Penh Post newspaper Phnom Penh Post - Forte set to insure travellers on the net

Forte set to insure travellers on the net

Forte set to insure travellers on the net

Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists.

Data from Ministry of Tourism showed the number of outbound tourists rose more than 10 per cent last year to 792,398 from 709,616 a year earlier.

Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that the online product had been introduced to the Cambodian market last week in order to give more convenience and easy service to customers.

“Travel insurance is not a new product for the insurance industry, but online [travel insurance] is quite new. Even our neighbouring countries do not provide it yet,” he said.

Chhay Rattanak, chairman of the General Insurance Association of Cambodia (GIAC) recognised the online launch would benefit customers. “It is the first [product] in Cambodia’s insurance industry as it usually is provided by foreign companies outside our country,” he said.

“It is very good, because more and more people are travelling abroad and the demand is increasing,” he said.

Rattanak added that for those who wish to travel to Europe then travel insurance is required. “It is compulsory. If they don’t buy it, their visa will not be provided,” he said.

Chamroeunrith said his company would consider providing more online products in the future. “We decided to launch this product first because it meets the demand of the consumer market. Other commercial products, we will work on later,” he said.

According to data from GIAC the industry’s premium revenue rose more than 20 per cent year-on-year, reaching $36 million in 2012.

MOST VIEWED

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • Airline says ready for green light to reopen international tourism

    Sky Angkor Airline Co Ltd on September 21 said it is ready to transport South Korean and Chinese tourists to the Kingdom once the Cambodian government makes good on plans to reopen its borders to vaccinated travellers. The Siem Reap-based airline made the remark during a

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Four-pillar approach in reopening of tourism: PM

    Cambodia is drawing up a four-strategy approach to promptly restore domestic and international tourism activity and put the industry on a transition pathway to a sustainable and inclusive model that is resistant to future crises, according to Prime Minister Hun Sen. The prime minister made

  • Cambodian bride ‘badly treated, held captive’ by Chinese man seeks help

    A Cambodian woman who travelled to China to marry a Chinese man there was “badly treated” by her husband’s family and then had to be rescued and will be returned to Cambodia to ensure her safety. The rescue operation came about after the 25-year-old