Forte Insurance (Cambodia) is proud to announce that our company has received recognition from the credit rating agency, GCR, for two consecutive years, reflecting our ability to meet financial obligations.

According to the latest GCR appraisal, Forte has sustained its B+ rating for financial strength at international standards and AA+ (KH) at national standards. These ratings demonstrate Forte’s robust financial stability and ability to meet its financial obligations, cementing its position as a trusted leader in Cambodia’s insurance sector.

Mr. Suy Channtharong, Chief Executive Officer of Forte Insurance (Cambodia) Plc., expressed pride in this achievement: “As the nation’s oldest and most reputable domestic insurance company, receiving this affirmation from GCR once again is a testament to our financial resilience. Despite the global financial impact affecting various sectors, this rating shows Forte’s adaptability and strength in managing financial operations. We believe this further enhances the trust and confidence that customers and the public have in Forte’s brand.”

Mr. Pin Nirorn, Group Chief Financial Officer of Forte Insurance, stated:
“As a group, Forte has successfully maintained its leading market position, securing 45% market share in general insurance (based on gross premiums) and 60% in life insurance (based on customer base) in Cambodia, reinforcing our status as a trusted and reliable insurance provider.”

“Forte General Insurance has proudly protected over *350,000 insured nationwide, offering a diverse range of key products that cater to various sectors of the community. These include employee medical benefits, property and construction coverage, micro and agricultural insurance, energy insurance, logistics and transportation protection, as well as travel insurance,” Mr. Nirorn added.

As we celebrate our 25th anniversary, Forte continues to lead the Cambodian insurance market. This achievement highlights our unwavering dedication to offering world-class insurance solutions and demonstrates the growing confidence of our customers. With the support of our regulators, business partners, customers, and suppliers, we look forward to shaping the next chapter of Cambodia’s insurance industry and the broader region, delivering an enhanced customer experience that benefits both our clients and the communities we serve.

*According to data from 2023