| Cambodian National Insurance Company | |
| Type: | Private |
| Location City: | Phnom Penh |
| Location Country: | Cambodia |
| Area Served: | Siem Reap, Sihanoukville, Banteay Meanchey, Kampong Cham |
| Key People: | Duong Vibol, Managing Director |
| Industry: | Insurance |
| Services: | General, commercial, vehicle, home |
| Net Income: | 100,000 (2008) |
| Parent: | Varyia BVB Insurance |
Cambodian National Insurance Company (CAMINCO) is a Cambodian private insurance company with 25% of its shares owned by the Royal Government of Cambodia. It is a subsidiary of Varyia BVB Insurance.
CAMINCO was officially incorporated in 1990, becoming the first insurance company in Cambodia. It began its operations during June 1993.[1]
In 2000, the Insurance Law was passed and in 2001, the Sub-decree Nº132 on Insurance came into force. As a result, CAMINCO restructured into a state owned enterprise. CAMINCO was able to meet the capital requirement of USD 7 Millions, the insurance company to do so, and the only company to receive the 5-year license on General Insurance Services from the Ministry of Economy and Finance.[1]
On Monday 6 April 2009, the Royal Government of Cambodia sold 75% of its shares in the formerly state owned CAMINCO insurance company for US$5.7 million.[2] The Royal Government however, retains a 25% share in the company. The existence of the deal was not widely known.[3] Cheam Yeap, the head of the National Assembly's banking and finance committee and a Cambodian People's Party MP, told the Phnom Penh Post that he knew nothing about it.[4]