(Phnom Penh): On 10 June 2025, KB PRASAC Bank Plc. and Forte Insurance (Cambodia) Plc. jointly organized a kickoff strategic meeting for 2025 under the theme “Stronger Together, Unlocking Opportunities.” The meeting reflected a shared commitment to delivering comprehensive, innovative, and customer-centric financial solutions that create a complete and modern financial safety net.
The event was presided over by Youk Chamroeunrith, Group Chief Executive Officer of Forte Group, and Oum Sam Oeun, President & Chief Executive Officer of KB PRASAC Bank, along with the senior management teams of both organizations.
Youk Chamroeunrith, Group Chief Executive Officer of Forte Group underscored, “Forte, a big and long-established local insurance company among other general insurance companies, has been leading the insurance market in Cambodia for more than 26 years. KB PRASAC Bank is considered one of the top five commercial banks in Cambodia, with a glorious history and a well-known reputation in the banking sector. It is an utmost of pride for Forte to have established a business partnership with KB PRASAC Bank.”
Youk Chamroeunrith, Group Chief Executive Officer of Forte Group said, "Our partnership with KB PRASAC Bank is a key part of our strategy to expand access to insurance services and reach even more customers across Cambodia. As the country’s leading insurance provider, holding a 43% market share in 2024, we are committed to delivering innovative products and flexible solutions that meet customers' evolving needs. Today’s meeting is about aligning our strategies to continue providing strong financial protection to our customers and contributing to the broader community and the national economy."
Oum Sam Oeun, President & Chief Executive Officer of KB PRASAC Bank, shared, "Forte Insurance and KB PRASAC Bank share a clear and common goal: putting our customers first by offering them and their families comprehensive and suitable financial solutions for every stage of life. Beyond banking services, our customers can access a wide range of insurance options, from health and property insurance to coverage for valuable assets such as cars, homes, and businesses. In today’s world, risks are present everywhere and every day—our collaboration is about giving customers greater security and faster access to the financial solutions they need."
This collaborative event fostered a positive and close spirit between the two organizations. The meeting not only focused on shaping the 2025 strategy but also reinforced their solid partnership, driving further product integration and innovation. Both companies aim to provide more flexible and modern financial solutions that meet the needs of today’s customers.
About KB PRASAC Bank Plc.
KB PRASAC Bank Plc., is a new commercial bank in Cambodia with the license from the National Bank of Cambodia (NBC) and received the approval from the Ministry of Commerce (MoC) to conduct its banking operations officially in August 2023. As of December 2024, the bank has total assets of USD 5.64 billion, deposit balance of USD 3.53 billion, total loan portfolio of USD 5.18 billion, 188 branch offices, and more than 10,000 staff.
The merged bank will deliver more comprehensive and innovative banking services and products to the customers in Cambodia with state of art of digital banking system to in line with the growth and demand of the market. The bank is also dedicated to promoting financial inclusion, driving economic growth, and providing innovative financial solutions to its diverse clientele.
Find out more from their website: https://www.kbprasacbank.com.kh/en/bank-overview/profile/
About Forte Insurance
Forte is leading the growth of the insurance industry in emerging Southeast Asia with its vision to protect and empower everyone in the region for a better future – one person, one business at a time.
Founded in Cambodia in 1999, Forte has remained true to its mission to provide innovative customer-focused products and services, build capacity in people and contribute to the progress of the insurance industry in the markets they operate in. Forte is the oldest and largest insurance group in the country which leads the market in general insurance for the gross premium basis and life insurance in terms of number of lives.
Offering both general and life insurance in Cambodia, and general insurance in Laos, Forte is the preferred partner of multinational insurers and provider of most holistic insurance solutions in Cambodia.
Forte is also an employer of choice that offers a collaborative workplace which rewards achievement and provides opportunities for employees to grow through professional education and development.
Find out more from their website: www.forteinsurance.com
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