Prudential Cambodia, one of the leading insurance firms in the Kingdom, has expanded into Kratie province.The opening recently of Prudential Cambodia’s Kratie branch means that the company already has a presence in four Cambodian provinces Prudential Cambodia also has branches in Siem Reap, Battambang, and Phnom Penh.
The ribbon-cutting ceremony was presided by Tuy Bunsereyrathmony, deputy governor of Kratie province, David Nutman, CEO of Prudential Cambodia, and In Metra, director of the Ministry of Economy and Finance’s insurance and pension department.
In his message, Mr Nutman said the opening of the Kratie branch is a testament to their commitment to making health and financial protection solutions accessible to all Cambodians.
“With the passion and dedication of our financial and life insurance consultants, we are able to reach and serve our customers better through staying close and understanding their needs,” he said.
Mr Bunsereyrathmony, for his part, thanked the insurance firm for expanding into his province. According to him, the move will help develop Kratie and create jobs for many locals.
Kratie, in Cambodia’s northeast, occupies a large, underdeveloped area that holds much promise in terms of economic and tourism development.
The United Kingdom-headquartered Prudential entered the Cambodian market in 2013. Since then, it has become one of the leading providers of life insurance in Cambodia.
In addition to its branches, Prudential Cambodia’s life insurance products are also available through Acleda bank, the company’s bancassurance partner since 2013, with 156 branches across the country. It achieved a milestone a few months ago by becoming the first life insurer in the Kingdom to issue 200,000 policies.
Prudential Cambodia said it has plans to further expand its network to cover other key cities of Cambodia soon.
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