Logo of Phnom Penh Post newspaper Phnom Penh Post - Forte to celebrate anniversary

Forte to celebrate anniversary

Forte to celebrate anniversary

DOMESTIC insurer Forte Insurance will mark its 10th anniversary at a reception on Saturday at the NagaWorld Hotel and Casino.

Managing Director Carlo Cheo said Forte had increased its gross premium income 33 percent annually since 2000, outpacing the double-digit annual growth seen across the domestic insurance sector as a whole.

The sector was starting from a low base but is growing strongly and has a bright future, he said.

"The recession doesn't really impact the insurance industry," he said. "If you look at the infrastructure and construction activity going on, this will help the sector grow rapidly. We are pretty excited about the future of Cambodia."

He added that the discovery of oil and gas also augured well for the sector's prospects.

According to a statement issued by Forte to mark the anniversary, 14 local staff had received insurance certificates from the Malaysian Insurance Institute or the Chartered Insurance Institute of the UK over the last decade.

Forte provides six classes of insurance products including automobile, casualty, property, engineering and marine cargo.

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Tina rebuffs ‘false claims’ over falling paddy price

    Agriculture minister Dith Tina has shed light on the trade of paddy rice in Battambang – Cambodia’s leading rice-producing province – in a bid to curb what he dubs a “social media fact distortion campaign” to destabilise the market. While acknowledging that the prices of paddy

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • PM outlines plans to discuss trade, policy during US visit

    Prime Minister Hun Manet is set to meet with senior US officials and business leaders during his upcoming visit to the US for the UN General Assembly (UNGA), scheduled for September 20. While addressing nearly 20,000 workers in Kampong Speu province, Manet said he aims to affirm