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 branch office
Organizational Structure	:	- 6 departments and 23 offices under the Head Office
		- 7 branches in major cities and provinces throughout the country: Battambang, Banteay Meanchey, Siem Reap, Kampong Cham, Prey Veng, Takeo, Sihanouk Ville.
		- 100 employees
Worldwide Cooperation	:	Strong   cooperation   links   with   world   class   insurers   and   reinsurers:   Swiss
		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.
Share Capital	:	USD 7,128,042.00
Total Assets 2012	:	USD 19,109,577.00
Investment	:	fixed term bank deposit, short loans, and real estate business for short-term
Gross Premium	:	average annual growth rate of about 19% in the past 5 years (2008-2012)

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.