Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the sector’s backbone, with a 102 percent increase in premiums to $2.4 million between January and July, while the second-largest jump was fire insurance, which grew 35 percent to about $7 million. A premium is the amount of money charged for a specific insurance coverage. Health and vehicle insurance premiums grew only slightly, with a
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