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Big Day! Dai-ichi Life officially launches operations in Cambodia


PHNOM PENH, CAMBODIA – Japan’s leading life insurance provider Dai-ichi Life just opened its Cambodia office at Vattanac Capital on April 24, 2019.  Dai-ichi Life Cambodia is a subsidiary of Dai-ichi Life Holdings, Inc. (Tokyo) founded in 1902 and it’s the first Japanese life insurer in the Kingdom.

The momentous milestone encompassed three main events – internal launch at the Dai-ichi Life Cambodia office, followed by a Press Conference and announcement of the Cooperation between Dai-ichi Life Cambodia and Vattanac Bank held at the Rosewood Hotel. The cooperation will enable Dai-ichi Life to utilize the network of Vattanac Bank and reach Cambodian consumers much faster.  The launch was concluded by a gala dinner held at the Sofitel Phnom Penh.

The said events were initiated by the Chief Executive Officer of Dai-ichi Life Cambodia, Mr. Allen Thai and supported by global offices headed by Mr. Seiji Inagaki, President of Dai-ichi Life Holdings and representatives from Vietnam and Asia Pacific Head Quarters, Singapore.  The success of the launching was witnessed and supported by high ranking excellences from Ministry of Economy and Finance, representatives of various banks and notable press & media.

Dai-ichi Life Cambodia will continue to pursue sustainable values and keep investing in markets where demographics and economic fundamentals are right for life insurance. Being a leader in delivering quality insurance with easy-to-understand policies to guarantee it is the best and fit the necessities of the individual Cambodian.

H.E. Madam Nguon Sokha – the Secretary of State of the Ministry of Economy and Finance said during the gala dinner: “I strongly believe that the presence of Dai-ichi Life Cambodia will contribute to the development of life insurance industry in Cambodia through its experience, knowledge and expertise in the Life Insurance Industry accumulated over 100 years.”

Mr. Allen Thai, CEO of Dai-ichi Life Cambodia, said: “Cambodia’s economic growth is one of the fastest in Asia, which is driving the rapid expansion of its life insurance market.  These positive developments have given rise to the emergence of the middle-income class whose demand for life insurance is beginning to increase.  This is the reason why Dai-ichi Life has decided to enter this market to provide a long-term protection and saving products to meet their needs.”

Dai-ichi Life believes in contributing back to the community where the operation is situated, in parallel to the business development. This helps to build a sustainable society and economy.   Dai-ichi Life launch ended the occasion by offering $50,000 donation to Japan Heart Cambodia, an organization which helps the less fortunate. The funds will be allocated in assisting the marginalized Cambodian children who are victims of cancer.

As a committed Japanese Investor, Dai-ichi Life’s journey in Cambodia is for a long term basis.  The company is ready to serve and meet the life insurance needs of Cambodian as Dai-ichi Life say “By your side, for life”.

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