People & Partners Questions & Answers (April 2015)

People & Partners Questions & Answers (April 2015)

  • Do you feel the general insurance market in Cambodia is getting a little crowded now?
  • No, the market now has much more gross premium income than say 5 years ago (last year over 52 million US dollars). Trends indicate approx. 20% growth per annum over the next few years so there is plenty of room for a new professional general insurer here.
  • What makes you different from the existing market here?
  • All insurance companies are different but People and Partners Insurance PLC. has a very experienced and innovative team and we are well able to tailor-make specific insurance packages for our clients. Our cutting-edge information technology will ensure we provide a speedy and efficient service, especially with our 24 hour claims service network.
  • How experienced is your team?
  • Very! In our top management team we have more than 125 years of insurance experience. We are a combination of senior experienced staff and new graduates (who are already undergoing an intensive foundation training course of more than 40 basic insurance subjects). Our philosophy will be to recruit from within now that the core team are in place.
  • Where do you expect to be in the market in 5 years time?
  • We expect to be a well-respected and trusted player in the market at or near the top in gross premium income, but always with a secure and professional approach to underwriting our client’s risks.
  • How would you best summarise People and Partners Insurance PLC.?
  • Good question! Maybe in 3 words “The Friendly Professionals!”

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