Cambodia Investment Review
Cambodia’s insurance sector has received a significant international boost after Forte Insurance was exclusively nominated as a Global Reinsurance Partner by the China Belt & Road Reinsurance Pool (CBRRP), making it the only Cambodian insurer selected to join the global platform.
The nomination positions Cambodia more prominently within the international insurance and reinsurance industry and signals growing recognition of the Kingdom’s financial and insurance capabilities amid increasing regional investment and infrastructure development.
Forte joins a network of 24 companies within the CBRRP, alongside international insurance groups including Zurich Insurance Group and Generali Group. The pool was established to support complex cross-border projects connected to China’s Belt and Road Initiative and includes founding members such as PICC P&C, China Life P&C, and China Pacific Property Insurance.
Strengthening Cambodia’s Insurance Sector
The partnership is expected to strengthen Cambodia’s insurance sector by increasing access to international reinsurance support and improving underwriting capacity for large-scale projects across infrastructure, manufacturing, logistics, transportation, and energy.
Hazel Zhao, Overseas Chief Business Officer at Forte, said the nomination reflects both the company’s growth and the increasing maturity of Cambodia’s insurance market.
“This nomination to the CBRRP not only benefits Forte, but also Cambodia’s insurance and re-insurance sector as a whole by opening the insurance sector up for local insurers to service international players,” Zhao said.
Industry observers say stronger reinsurance connections could improve risk-sharing mechanisms within Cambodia’s financial system while also supporting investor confidence as major regional infrastructure projects continue expanding across Southeast Asia.
Strengthening Cambodia’s Regional Insurance Position
The CBRRP functions as a central platform designed to pool insurance resources and help insurers manage large and complex overseas risks that may be difficult for individual firms to absorb independently.
By combining underwriting resources, the platform is able to support massive international projects including railways, ports, power plants, logistics corridors, and industrial developments across more than 150 participating countries connected to the Belt and Road Initiative.
Forte said the partnership would also help deepen regional cooperation through insurance capacity building, cross-border risk management, and the exchange of technical expertise between participating markets.
The nomination also places Cambodia in a stronger position to support future foreign direct investment projects that require internationally recognized insurance backing and risk protection mechanisms.
Growing Demand for Large-Scale Risk Protection
As Cambodia continues attracting investment into infrastructure, industrial parks, manufacturing, aviation, renewable energy, and logistics, demand for larger and more sophisticated insurance coverage has also increased.
The CBRRP’s support structure could provide Cambodian insurers with greater access to financial risk-sharing tools and international market expertise, helping local firms participate in projects that previously relied heavily on overseas insurance providers.
Zhao said Forte plans to use the nomination as a platform to deepen international partnerships and further strengthen its professional capabilities.
“Forte will continue to create long-term value for customers and society while also contributing more to the international development of Cambodia’s insurance industry,” she added.
Founded in 1999, Forte Insurance is currently one of Cambodia’s largest general insurers and has expanded operations into Laos while continuing to grow its life insurance business in the Kingdom.
