Logo of Phnom Penh Post newspaper Phnom Penh Post - Malaysian insurer gets ministry approval to expand into Cambodia

Malaysian insurer gets ministry approval to expand into Cambodia

Malaysian insurer gets ministry approval to expand into Cambodia

The Ministry of Economy and Finance has given Malaysia’s Etiqa Insurance & Takaful the go-ahead to tap into the Kingdom’s market.

The insurer on Thursday said the ministry granted its subsidiaries Etiqa General Insurance (Cambodia) Plc and Etiqa Life Insurance (Cambodia) Plc licences to operate their respective insurance businesses.

The businesses are led by Nazri Wong Abdullah and Clarence Lit as the respective CEO.

Etiqa’s move into Cambodia was spurred on by the vast potential that the Cambodian market has to offer, where an estimated 97 per cent of the population do not own insurance policies.

Currently, Etiqa General Insurance (Cambodia) Plc and Etiqa Life Insurance (Cambodia) Plc offer fire insurance (retail & commercial) and personal accident products which are available via the 21 Maybank branches located across the Kingdom.

Etiqa said additional products such as endowment, term, education, and investment-linked, medical, motor, travel, marine and engineering insurance will also be made available in the very near future.

Etiqa Insurance & Takaful Group CEO Kamaludin Ahmad said: “Etiqa’s aspiration of expanding into Cambodia, which we have nurtured over the past few years, has now been realised.

“As a leading ASEAN insurer across countries such as Singapore, Indonesia and the Philippines, we have been looking forward to bringing Etiqa’s brand promise of ‘fast and easy’ experiences to the people of Cambodia.

“Whether it’s making a purchase, submitting claims, receiving payouts or getting assistance, it will be ‘fast and easy’, while providing customers only the best advice.”

“While insurance penetration in Cambodia is still low, with most of the population without any form of insurance, we target to bring additional accessibility by being among the first to provide online insurance products there,” he said.



  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Struggling Battambang artist dreams of staging full-scale gallery exhibition

    Leav Kimchhoth, a 55-year-old artist from Battambang province, is a familiar face to locals and tourists alike on the streets of the riverside in Phnom Penh. The one-armed painter and illustrator often hawks his work near the night market on weekends and public holidays. He

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom