Prevoir Kampuchea Micro-life Insurance Plc (PKMI), a subsidiary of French insurance company Group Prevoir (GP), has started operations reportedly becoming the first microinsurance provider in Cambodia. GP has been preparing the project since receiving its license in December 2011 as was reported by MicroCapital at the time. PKMI offers “products that insure access to health care for Cambodians with low-income.” PKMI’s strategy includes adding “partnerships with local distributors such as microfinance institutions, non-government organisations and banks” [1] [2].
As of 2011, Group Prevoir has assets of USD 4.1 billion and 300,000 clients.
By Brendan Millan, Research Associate
About Prevoir Kampuchea Micro-life Insurance Plc (PKMI): Launched in 2011, PKMI is a micro-life insurance firm registered in Cambodia. PKMI is a subsidiary of French insurance company Group Prevoir (GP). PKMI does not report to the US-based nonprofit Microfinance Information Exchange (MIX) and financial information on the firm is not otherwise available.
About Group Prevoir (GP): Established in 1910 in France, GP is a French insurance company specializing in life insurance for people with low to middle incomes. As of 2011, GP has assets of USD 4.1 billion and 300,000 clients.
Sources and Resources:
[1] Phnom Penh Post: “Cambodia’s First Micro-life Insurance Firm Opens” by May Kunmakara. http://www.phnompenhpost.com/index.php/2012021354464/Business/cambodias-first-micro-life-insurance-firm-opens.html
[2] Insurance Insight: “Cambodia Welcomes First Micro-life Insurance Firm” by Tracey Jones. http://www.insuranceinsight.eu/insurance-insight/news/2153064/cambodia-welcomes-micro-life-insurance-firm
MicroCapital.org Article, February 12, 2012, “Cambodia’s Microfinance Loans Increase by 42% While Non-Performing Loans Decrease from 1.3% to 0.4%”, https://www.microcapital.org/microcapital-brief-cambodias-microfinance-loans-increase-by-42-while-non-performing-loans-decrease-from-1-3-to-0-4/
MicroCapital.org Article, February 2, 2012, “Credit Bureau Cambodia Launched to Facilitate Information Sharing Among Banks, Microfinance Institutions,”
https://www.microcapital.org/microcapital-brief-credit-bureau-cambodia-launched-to-facilitate-information-sharing-among-banks-microfinance-institutions/
MicroCapital.org Article, December 16, 2011, “Groupe Prevoir Launches Previor KampucheaMicro-life Insurance in Cambodia”, https://www.microcapital.org/microcapital-brief-groupe-provoir-launches-prevoir-kampuchea-micro-life-insurance-in-cambodia/
MicroCapital Universe Profile: Prevoir KampucheaMicro-life Insurance (PKMI),
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=+Prevoir+Kampuchea+Micro-life+Insurance
MicroCapital Universe Profile: Group Prevoir (GP), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Group+Prevoir
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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