Phnom Penh — The Insurance Regulator of Cambodia signed a memorandum of understanding with the Chartered Insurance Institute (CII) on the morning of September 10 to promote training and human resource development in Cambodia’s insurance sector.
The signing ceremony was attended by regulator Director-General Bou Chanphirou and CII Executive Director Holly Porter. The director-general said CII is a specialist insurance institution based in London, United Kingdom, with a branch in Hong Kong.
The MoU aims to strengthen human resources and insurance expertise in Cambodia, drawing on CII’s global specialist training experience. The director-general said the institutions will jointly examine how CII’s areas of expertise can strengthen skills among regulator officials and people working in insurance.
“Although the insurance sector started more than 20 years ago, there is still a shortage of specialists. Universities do not yet have clearly established specialist insurance courses, so the regulator is cooperating with local universities. We need time and are working hard to build sound human resources in this sector to provide quality services to the public,” he said.
He added that the regulator has completed procedural preparations to open an insurance vocational training school in Phnom Penh, planned for 2027. Its building is currently under construction, and the regulator will cooperate with CII to develop training programmes aligned with international standards.
Source: Club of Cambodian Journalists.
Edited by: ចិន្តា ទីទិ.
