Forte and Cambodia Re Collaborate to Launch First-Ever Seminar on "Solar Energy and Insurance" to Support Local Investors and Strengthen Risk Management to International Standards
Phnom Penh, May 26, 2026 — In response to the rapid growth of the renewable energy sector and the protection of green project assets, Forte Insurance (Cambodia) Plc. and Cambodia Reinsurance Company (Cambodia Re) have jointly organized the first-ever high-level seminar on "Solar Energy and Insurance: Protecting Investments and Business Operations" at the Raffles Hotel Le Royal.
This historic event was presided over by H.E. Ros Seilava, Secretary of State of the Ministry of Economy and Finance, Vice Chairman of the Non-Bank Financial Services Authority Council, and Chairman of the Board of Directors of Cambodia Reinsurance Company (Cambodia Re). The seminar also welcomed senior leadership from the Insurance Regulator of Cambodia, alongside executives from financial institutions, local banks, investment and project development firms, factory and enterprise owners, and installation contractors.
Currently, large-scale solar projects and rooftop solar systems on factories and commercial buildings are booming. However, these projects face high risks, both environmental (natural disasters) and technical (such as fire risks associated with Battery Energy Storage Systems, or BESS). Given the massive investment scales reaching billions of dollars, the local insurance market alone cannot absorb these risks entirely, thereby requiring backing from international reinsurance networks.
Mr. Youk Chamroeunrith, Group CEO of Forte, stated:
"Investing in solar energy and battery storage systems requires substantial capital from local investors, business owners and banks. Forte deeply understands this challenge, and we are fully prepared to provide a robust 'financial shield' for their businesses. Our main goal is to ensure that all solar assets in Cambodia receive protection aligned with international standards, allowing local business owners to operate and expand their green projects with absolute peace of mind."
During the seminar, Forte presented a detailed overview of its comprehensive insurance solutions, which are specially designed and customized to meet specific needs in order to safeguard the interests of local investors, including:
- Construction and Installation Phase: Protects against all accidental damages to solar panels and equipment during transit and on-site installation, while also covering third-party liability.
- Operational Phase: Safeguards physical assets and technical equipment against natural disasters, including fire, lightning, storms, high winds, and flooding.
- Business Interruption Insurance: This is a vital component for local investors. In the event of damage that forces the solar system to halt power generation, Forte helps compensate for lost revenue or sudden increases in electricity expenses to maintain the business's cash flow stability.
Mr. Huy Vatharo, CEO of Cambodia Re, also emphasized:
"Solar energy projects can only achieve financial sustainability if they possess the qualities that make them insurable in the global market. Today's collaboration between Cambodia Re and Forte acts as a bridge, enabling local investors to transfer risks to Global Reinsurance Pools. This is the crucial key to enhancing 'bankability' and building greater confidence for banks to provide financing."
Additionally, the seminar invited leading international experts from AON Reinsurance Solutions, Swiss Re Asia, and from China, representing the China Belt and Road Reinsurance Pool (CHINA RE P&C) and CPIC, to share their expertise. They helped participants understand risk assessment criteria from an Underwriter’s View, focusing on risk engineering assessments, documentation and operating standards, insurance market cycles, a global and regional overview of the energy insurance market, and historical loss experiences.
This knowledge equips project owners with proactive risk prevention methods and helps local businesses secure affordable, long-term premium stability.
The partnership between Forte and Cambodia Re at this event reflects a strong commitment to elevating Risk Governance, ensuring resilient infrastructure development, and contributing to Cambodia's journey as a leader in sustainable green energy.
About Forte
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
About Cambodia Re
Cambodian Reinsurance Company (“Cambodia Re”) was incorporated as a wholly State-owned enterprise under the guardianship of the Ministry of Economy and Finance (MEF) in 2002 to support the country’s nascent insurance market. In 2004, Cambodia Re became a joint venture company with the majority state-owned and private sector shareholders to bring in more expertise and experience to align with the grow plan of the company.
The principal activity of the Company is to engage in reinsurance of non-life and life insurance risks. Cambodia Re has been working relentlessly in building human capitals through instilling skills and knowledge to staff serving in insurance and reinsurance industry to produce more experts in the market.
Find out more from their website: www.cambodiare.com.kh
