Logo of Phnom Penh Post newspaper Phnom Penh Post - Sovannaphum Life Assurance Plc begins New Year with ‘We are #1 in 2023’ focus

Sovannaphum Life Assurance Plc begins New Year with ‘We are #1 in 2023’ focus

Content image - Phnom Penh Post
Sovannaphum Life CEO Loke Kah Meng (centre right) and sales staff pose on stage at the ‘We are #1 in 2023’ event. PHOTO SUPPLIED

Sovannaphum Life Assurance Plc begins New Year with ‘We are #1 in 2023’ focus

Sovannaphum Life Assurance Plc – the leading life insurance company in Cambodia with financial strength and trust – kicked off the New Year with an event carrying the theme “We are #1 in 2023”.

The sales event took place on January 14 at Dara Airport Hotel in Phnom Penh, with more than 400 staff from across the Kingdom in attendance.

During his opening remarks, Sovannaphum Life CEO Loke Kah Meng presented the key achievements in 2022 and the top priorities for 2023, followed by a declaration of the commitment and strategies of the Channel and Division heads to achieve the targets for the coming year.

“Among the many key achievements, Sovannaphum Life achieved the market leadership position in the first three quarters of 2022. Secondly, we also attained profitability for two consecutive years in 2021 and 2022.

Content image - Phnom Penh Post
Loke Kah Meng outlines Sovannaphum Life’s key achievements of 2022 and top priorities for this year. PHOTO SUPPLIED

“The other key highlights of the year were running our sixth anniversary campaign by offering Sovannaphum Life-branded parasols to local business owners in 12 provinces throughout Cambodia, and the Family Fun Bike event in collaboration with Overseas Cambodian Investment Corporation [OCIC].

“We raised funds of more than $6,000, which were donated to two organisations – Sipar Cambodia in Phnom Penh and Angkor Hospital for children in Siem Reap. In October 2022, Sovannaphum Life officially launched a new bancassurance partnership with SBI Ly Hour Bank to extend financial protection to its customers.

“In recognition of the hard work and dedication of Sovannaphum Life staff, more than 121 certificates of recognition were awarded for ‘Champion of the Year’, ‘Top Performers of the Year’ and the ‘5-Year Loyalty Award’ to our staff, including agency members and bancassurance executives from all our bank partners throughout the country,” said Loke Kah Meng.

Content image - Phnom Penh Post
More than 400 staff from across the Kingdom attended the sales event. PHOTO SUPPLIED

About Sovannaphum Life Assurance Plc

Sovannaphum Life Assurance Plc is a subsidiary of Canadia Investment Holding (CIH), with total assets of more than $8.8 billion and a legacy since 1991.

Sovannaphum Life Assurance is a company with a strong and reliable financial base, and the London-based Global Banking and Finance Review ranked it the fastest-growing life insurance company in Cambodia for four consecutive years – 2018, 2019, 2020, and 2021.

The UAE-headquartered International Business Magazine also rated Sovannaphum Life Assurance as the “Most Innovative Life Insurance Company Cambodia 2021”.


  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • Khmer ballet documentary debuts April 1

    A new documentary, The Perfect Motion, or Tep Hattha in Khmer, will premiere to the public on April 1. The documentary film follows two intertwined storylines: the creation of a show called Metamorphosis by the late Princess Norodom Buppha Devi (her very last production) and the

  • Water supply authority assures public shortages over early ‘24

    The Phnom Penh Water Supply Authority (PPWSA) asked for understanding from Phnom Penh residents in some communes where water pressure is weak. They assured residents that all supply issues will be resolved by early 2024, but have suggested that residents use water sparingly in the meantime.