Introduction to Insurance

Cambodia has made tremendous efforts to develop its financial sector, especially the insurance sector. Although the first insurance company was established here in 1993, real development of the insurance industry in Cambodia started only in 2000, when the Law on Insurance was enacted. 

In 2001, the Royal Government of Cambodia, with the technical assistance of the Asian Development Bank, prepared and adopted the Financial Sector Blueprint for 2001-2010, which provided a roadmap for the development of the insurance sector in Cambodia. 


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18 comments:

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  2. The introduction of insurance is a very initial step that has been done by the Cambodian government. Honestly, I do not know much about Cambodia, but I want to know more about it. Therefore, I want to visit more of your blogs, but first, I have to hand over my assignment to any best Assignment Writing Service that can complete my assignment on time.

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  5. Insurance is a legal contract between two parties- the insurance company (insurer) and the individual (insured), wherein the insurance company promises to compensate for financial losses due to insured contingencies in return for the premiums paid by the insured individual.

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  8. It's important to have some kind of insurance because it can help you protect your finances if something unexpected happens. Talk to your financial advisor or an insurance agent to learn more about your options and choose the right policy for you.

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  10. It's crucial to get insurance of some form because it helps shield your funds in the event of an emergency. To understand more about your options and select the best coverage for you, speak with your financial advisor or an insurance representative. business strategy dissertation themes

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  11. Insurance has spread all over the world in a very rapid way. People give suggestion to get services.

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  12. Insurance is a mechanism of risk transfer and sharing by pooling of risks and funds among a group of individuals who are exposed to similar kinds of risks for the benefit of those who suffer loss on account of the risk.

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  13. Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). An insurance policy is a written contract between the policyholder (the person or company that gets the policy) and the insurer (the insurance company).

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  14. Insurance is a topic that most people don't really like to think about. It's one of those things that's just sort of there in the background, until you need it. But even if you don't like thinking about insurance, it's important to have a basic understanding of how it works.

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