Cambodia's Insurance Market Sees 3% Growth in February 2026

In February 2026, Cambodia's insurance market experienced a significant 3% increase in gross premiums, totaling $30.62 million compared to the previous year's $29.78 million. This growth was primarily fueled by robust performance in the general insurance segment, while life insurance premiums saw a decline. Such shifts underscore the evolving landscape of the insurance sector, as companies navigate regulatory compliance requirements to drive efficiency and expand their market reach.

General insurance premiums surged by 12%, reaching $12.76 million, a notable rise from $11.35 million the previous year. Conversely, life insurance premiums experienced a 3% decrease, falling to $17.86 million from $18.43 million. Interestingly, the number of insurance policies grew significantly by 47% to 269,355 from 182,887 in February 2025, reflecting a growing market interest. Life insurance policies more than doubled, up by 107% to 240,682, whereas general insurance policies contracted by 57% to 28,673, highlighting shifts in consumer preferences.

Despite the rise in policy numbers, the overall sum insured experienced a 5% decline, amounting to $7.19 billion from $7.54 billion. The general insurance sum insured witnessed an 8% drop to $5.13 billion, while life insurance increased by 4% to $2.06 billion. Gross claims incurred also decreased significantly by 25% to $4.86 million, from $6.48 million the previous year, indicating an enhancement in risk management practices. In general insurance, claims dropped by 36% to $3.10 million, yet life insurance claims rose by 6% to $1.73 million.

Market Share Insights

Within the general insurance segment, property and health insurance emerged as leading product lines. Property insurance accounted for 31.21% of the market, with health insurance at 30.95% and vehicle insurance at 20.90%. In the life insurance sector, endowment products dominated with a substantial 71.05% market share, followed by term life insurance at 16.52%. Health rider products made up 6.46%, other rider products accounted for 3.66%, and whole life insurance contributed 0.31%, while annuity products remained inactive in market share.

These statistics provide critical insights into Cambodia's insurance industry, reflecting both the operational dynamics and strategic shifts occurring in the market. As providers strive to meet consumer demands and regulatory compliance requirements, these figures highlight the prevailing trends and challenges shaping the future of the insurance landscape in Cambodia.