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  Profile  
   
     
 
Company Name : CAMBODIAN NATIONAL INSURANCE COMPANY
Trading Name : CAMINCO
     
Head Office : # 28, Corner Street Nº 106 & Nº 13, Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia.
     
Telephone : (855) 23 722 043
     
Fax : (855) 23 427 810
     
E-mail : caminco@caminco.com.kh / info@caminco.com.kh
     
Website : www.caminco.com.kh
     
Nature of Bussiness : General Insurance Service ( Non-life insurance)
     
Product for Sale : Insurance products: Motor vehicle, Property, Engineering, Contractor's All Risk, Personal accident , health and all other classes.
     
Scope of Bussiness : - Business activities: direct insurance and reinsurance
- Services: survey, loss adjustment and claims settling representative office
     
Organizational Structure : - 4 departments and 17 offices under the Head Office
- 4 representative offices in major cities and provinces throughout the   country: Siem Reap, Shihanouk Ville, Kampong Cham and Banteay Mean   Chey
- More than 100 employees
     
Worldwide Cooperation : Strong cooperation links with world class insurers and reinsurers: Asian Reinsurance Corporation, Best RE, Bao Minh insurance corporation, African Reinsurance, General Insurance Corporation of India, Kuwait Reinsurance, Labuan Reinsurance.
     
Share Capital : USD 7,128,042.00
     
Total Assets 2007 : USD 8,366,088.00
     
Investment : fixed term bank deposit, short loans, and real estate business for short-term
     
Gross Premium : average growth rate of about 28% in the past 5 years (2005-2009)
 
     
     
     
  Background  
   
     
 

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.

In the mid June 1993, it had started its operations in Cambodian market.

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).

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).

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.

  
     
     
     
     
     
 
 
© 2009 Cambodian National Insurance Company (CAMINCO)