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Profile
| Company Name |
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CAMBODIAN NATIONAL INSURANCE COMPANY |
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| Trading Name |
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CAMINCO |
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| Head Office |
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# 28, Corner Street Nº 106 & Nº 13, Sangkat Wat Phnom, Khan Daun Penh, |
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Phnom Penh, Cambodia. |
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| Telephone |
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855) 23 722 043 |
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| Fax |
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(855) 23 427 810 |
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| E-mail |
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caminco@caminco.com.kh / info@caminco.com.kh |
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| Website |
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www.caminco.com.kh |
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| Nature of Bussiness |
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General Insurance Service ( Non-life insurance) |
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| Product for Sale |
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Insurance products: Motor vehicle, Property, Engineering, Contractor's All Risk, |
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Personal accident , health and all other classes. |
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| Scope of Bussiness |
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- Business activities: direct insurance and reinsurance |
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- Services: survey, loss adjustment and claims settling branch office |
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| Organizational Structure |
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- 6 departments and 23 offices under the Head Office |
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- 7 branches in major cities and provinces throughout the country:
Battambang, Banteay Meanchey, Siem Reap, Kampong Cham, Prey Veng, Takeo, Sihanouk Ville. |
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- 100 employees |
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| Worldwide Cooperation |
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Strong cooperation links with world class insurers and reinsurers: Swiss |
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Reinsurance Company Ltd (Malaysia), General Insurance Corporation of India (Malaysia), Labuan Reinsurance Limited (Malaysia), African
Reinsurance Corporation (Africa), Santam Re (South Africa), Korean Re
(Singapore), Best Re - Far Regional Office (Malaysia), Asian Reinsurance
Corporation (Thailand), NRCP (Philippines), Tokio Marine Insurance (Thailand)
Public Co.,Ltd, FM Insurance Company Limited. |
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| Share Capital |
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USD 7,128,042.00 |
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| Total Assets 2012 |
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USD 19,109,577.00 |
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| Investment |
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fixed term bank deposit, short loans, and real estate business for short-term |
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| Gross Premium |
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average annual growth rate of about 19% in the past 5 years (2008-2012) |
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| Background |
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| Cambodian National Insurance Company (CAMINCO), the first state-owned insurance company in Cambodia, was officially established in 1990 by the Ministry of Economy and Finance. |
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| In the mid June 1993, it had started its operations in Cambodian market. |
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| In 1996, four companies have been appointed as agent of CAMINCO such as Indochine Insurance Union (1996-2004), PANA Trading Cambodia (1996-2002), Asia Insurance (Cambodia) Ltd (1996-2002) and Forte Trading Private Ltd (1997-2002). |
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| From 2001-2008, CAMINCO was converted from the state-owned insurance company to a Public Enterprise that had been an operator and a player in the Cambodian insurance market following Sub-decree Nº132 dated December 31st, 2001, and it was the first insurance company that was granted the license for 5 years on General Insurance Service by the Ministry of Economy and Finance on December 12th, 2002, and registered capital requirement of USD 7 millions (Riel 28,000.00 millions). |
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| From June 2008-Present, CAMINCO was transformed into a joint venture with a private partner, Viriyah BVB (CAMBODIA) Insurance Plc, which holds 75% of CAMINCO shares. |
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