Cambodian National Insurance Company (CAMINCO) is a

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

company with 25% of its shares owned by the

Royal Government of Cambodia The politics of Cambodia are defined within the framework of a constitutional monarchy, in which the king serves as the head of state, and the prime minister is the head of government. The collapse of communism set in motion events that led to th ...

. It is a subsidiary of Varyia BVB Insurance.

History

CAMINCO was officially incorporated in 1990, becoming the first insurance company in

. It began its operations during June 1993."Company Profile"
. Cambodian National Insurance Company. Accessed 2010-01-05 In 2000, the Insurance Law was passed and in 2001, the Sub-decree Nº132 on Insurance came into force. As a result, CAMINCO restructured into a state owned enterprise. CAMINCO was able to meet the capital requirement of USD 7 Millions, the insurance company to do so, and the only company to receive the 5-year license on General Insurance Services from the Ministry of Economy and Finance. On Monday 6 April 2009, the

sold 75% of its shares in the formerly state owned CAMINCO insurance company for US$5.7 million. The Royal Government however, retains a 25% share in the company. The existence of the deal was not widely known. Cheam Yeap, the head of the National Assembly's banking and finance committee and a Cambodian People's Party MP, told the Phnom Penh Post that he knew nothing about it."Caminco Sale Confirmed
Phnom Penh Post. Accessed 2010-01-05

Business partners

Swiss Reinsurance Company Swiss Reinsurance Company Ltd,
Swiss Re. Retrieved on 18 January 2011. "Swiss Reinsurance Company Ltd ("Swiss Re") ...

*Mitsui Sumitomo Insurance Company * Tokio Marine & Fire Insurance *Toa Reinsurance Company *Korean Reinsurance Company *S.A. Jean Verheyen * Malaysian Reinsurance Berhad *BEST RE * General Insurance Corporation of India (GICI) *Asian Reinsurance Corporation *Ho Chi Minh City Insurance Company (Bao Minh) *Professional Insurance Brokers

References

External links

Cambodian National Insurance Company
Insurance companies of Cambodia Companies of Cambodia Financial services companies established in 1990 Cambodian brands Companies based in Phnom Penh Cambodian companies established in 1990 {{Cambodia-stub

History

Business partners

See also

References

External links