Cambodia’s insurance sector recorded a marginal decline in total premiums in November 2025, reflecting contrasting trends between life and general insurance segments. According to data released by the country’s insurance regulator, total written premiums reached $26.3 million, marking a 0.1% year-on-year (YoY) decrease.
The life insurance segment experienced a notable downturn, with premiums falling to $15.8 million, representing a 3% decline compared with the same period last year. Analysts attribute this contraction to waning customer demand and a slowdown in new policy subscriptions, indicating ongoing challenges in attracting and retaining life insurance clients.
In contrast, the general insurance sector demonstrated relative stability, with premiums rising to $10.5 million, a 4% increase. Growth in this segment was primarily driven by strong demand for motor, property, and health insurance policies, which helped offset the overall drop in total premiums.
Despite the minor premium decline, the total number of insurance policies decreased substantially by 14%, falling to 485,575. The two sectors displayed divergent trends: general insurance policies surged 199% to 60,709, while life insurance policies fell 22%, reaching 424,866. This suggests that although fewer policies were issued overall, customers increasingly opted for policies offering larger coverage. Supporting this observation, the total insured amount expanded by 15% to $6.1 billion, indicating a shift toward high-value coverage.
Meanwhile, total claims paid fell by 5% to $5.8 million, reflecting either fewer claims or improved risk management practices.
Key Insurance Statistics – Cambodia, November 2025
| Indicator | Life Insurance | General Insurance | Total | YoY Change |
|---|---|---|---|---|
| Total Premium (million $) | 15.8 | 10.5 | 26.3 | -0.1% |
| Number of Policies | 424,866 | 60,709 | 485,575 | -14% |
| Policy Growth / Decline (%) | -22% | 199% | — | — |
| Total Insured Amount (billion $) | — | — | 6.1 | +15% |
| Total Claims Paid (million $) | — | — | 5.8 | -5% |
Experts interpret these developments as a reflection of changing consumer preferences. In the short term, demand is shifting towards general insurance with higher coverage, while the life insurance market continues to face challenges in policy acquisition and retention.
In response, the regulatory authority has urged insurance companies to introduce innovative products and diversify offerings, particularly within life insurance, to support sustainable long-term growth and market stability.