Cambodia has made tremendous efforts to develop its financial sector, especially the insurance sector. Although the first insurance company was established here in 1993, real development of the insurance industry in Cambodia started only in 2000, when the Law on Insurance was enacted, and its supporting regulations were adopted in 2001. In 2001, with the technical assistance of the Asian Development Bank, the Royal Government of Cambodia prepared and adopted the Financial Sector Blueprint for 2001-2010, which provided a roadmap for the development of the insurance sector in Cambodia. In 2003 the government began to license insurance companies.
I have ventured into this previously unknown to me a specialized area of finance, when I was assigned by the management of the Ministry of Economy and Finance to establish and operationalize the national reinsurance company, Cambodia Re. I felt that insurance was too technical to me. Without properly equipping myself with the knowledge about insurance it would be hard to manage Cambodia Re. I therefore decided to explore the techniques of insurance.

The paper contains seven sets of technical notes covering fundamental areas of insurance. These notes were taken by me so that I could pass eight insurance exams that enable me to be qualified for the Advanced Diploma on Insurance, leading to the Associate of the Malaysian Insurance Institute and eventually the Chartered Insurance Institute in the United Kingdom.

It was felt that these notes could be useful to those who wants to gain an insight into insurance or who also wants to take examination on insurance. I therefore decided to publish these notes in the form of a manual entitled “An Introduction into Insurance”. I would like to express my profound gratitude to my family for their understanding and to all my friends who have supported me during the two years, 2006-2007, of preparing for the insurance examinations. I wish all those who want to explore the knowledge of insurance a great success.