Sovannaphum Life Assurance emerged as the market leader in the third quarter of last year. SUPPLIED
Sovannaphum Life Assurance Plc – a leading life insurance company, and one with financial strength and trust – kicked off the New Year with the target of “Mission No1 in 2022”.
Events took place on January 8-9 at Dara Airport City Hotel and Spa in Phnom Penh and on January 15 at Amber Angkor Hotel in Siem Reap province, with more than 400 staff from across the Kingdom participating.
During opening remarks, Sovannaphum Life CEO Loke Kah Meng presented the key achievements in 2021 and the top priorities for 2022, followed by a declaration of commitment and strategies to achieve the targets for the coming year.
Sovannaphum Life Assurance CEO Loke Kah Meng. SUPPLIED
“Among the many key achievements, there were two in 2021 that were the most notable. First, Sovannaphum Life achieved market leadership position in the third quarter of 2021. Second, we achieved profitability for the first time in 2021.
“The other key achievements were running our fifth anniversary campaign worth 125 million riel to reward our policyholders and the production of our first corporate video, as well as Covid-19 donations to the Phnom Penh Municipal Administration, Ksach Kanal district and Angkor Hospital for Children in Siem Reap province.
“Moreover, in recognition of the hard work and dedication of our staff, more than 140 certificates of recognition were awarded to top performers of the year including agency members and bancassurance executives from all our bank partners throughout the country,” said Loke.
Around 400 staff attended events in Phnom Penh and Siem Reap. SUPPLIED
About Sovannaphum Life Assurance Plc
Sovannaphum Life Assurance Plc is a subsidiary of Canadia Investment Holdings (CIH) with total assets of more than $7 billion and a legacy since 1991. Sovannaphum Life Assurance is a company with a strong and reliable financial base, and London-based The Global Banking and Finance Review ranked the company as the fastest-growing life insurance company in Cambodia for four consecutive years – 2018, 2019, 2020, and 2021. The UAE-headquartered International Business Magazine rated Sovannaphum Assurance as the ‘’Most Innovative Life Insurance Company Cambodia 2021’’.
