Cambodian Investment Management Insurance Agent, a majority owned subsidiary of Cambodian Investment Management, the anchor company of CIM Holdings, has launched the first online insurance quote system in Cambodia.
For in depth analysis of Cambodian Business, visit Capital Cambodia
The quote system is accessible through the company’s website www.cim.insure.
Users of the quote system will be able to access instantaneous indicative quotes for health, vehicles, fire and allied perils and travel insurance, simply by providing basic information.
Indicative quotes will be immediately sent to the email address of the user by PDF file. The user may be required to provide additional information, such as pre-existing conditions for health insurance, to finalise the quote.
Cambodian Investment Management Insurance Agent will provide the option of quickly buying the policy through its agency license, once the underwriting is confirmed by the insurer.
Anthony Galliano, the company’s chairman, said: “This is another milestone in Cambodia’s insurance market and a natural progression in its maturity. Although insurance quote systems are prevalent globally, none exist until now in Cambodia, so we are delighted to be the first to launch digital access to quotes, the growing preferred route in consumer purchasing.
“We are also proud of the great work of Dynamo Digital, 100 percent owned by CIM Holding, in developing this proprietary platform.”
Daniel Santantoniou, the company’s CEO, said: “Our objective is to provide quick and easy access to quotes for general insurance products and to offer a digital channel via the internet, availing quotation information via computer, tablet or mobile phone.
“While a user will receive an immediate quote, we remain committed to a thorough consultation to ensure the potential purchaser understands the product and we will continue to provide a high-quality administration service of collection of premiums and disbursements of documents.”
The quotation system is now live and is available in English. A Khmer language version will be available in December, followed by French and Chinese language in the first quarter of 2018.
During the first quarter of 2017, insurance premium income in Cambodia reached $36.2 million, up from $29.2 million during the same period in 2016, according to a report from the Insurance Association of Cambodia.