On 18th October 2019 at Cambodiana Hotel the Barometer of Liability Agreement (BOLA) were signed by all General Insurance Companies with the witness of HE. Mey Vann – Director General of the General Department of Financial Industry, Ministry of Economy and Finance, Mr Huy Vatharo – Chairman of Insurance Association of Cambodia, Representative of General Department of Police, Ministry of Interior and the Managements of all General Insurance companies in the market. BOLA is expected to help the insurers:
- Speed up the claim processing
- Promote the image of insurance industry
- Provide a platform for members companies to settle dispute over Claim of Motor Liability Insurance.