Forte and Cambodia Re Collaborate to Launch First-Ever Seminar on “Solar Energy and Insurance –Protecting Investments and Delivery” to Support Local and International 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) jointly organized the first-ever high-level seminar on “Solar Energy and Insurance: Protecting Investments and Delivery” 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, alongside Dr. Hor Sovathana Deputy Director General of Insurance Regulator of Cambodia, as well as executives from financial institutions, local banks, investment and project development firms, 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 hundreds of millions of dollars, the local insurance market alone cannot absorb these risks entirely, thereby requiring backing from international reinsurance networks.
Mr. Youk Chamroeunrith, Chairman of Forte, stated: “Investing in solar energy and battery energy storage systems requires substantial capital from investors, business owners, and local 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 power station 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.”
The seminar presented a detailed overview of comprehensive insurance solutions, which are specially designed and customized to meet specific needs in order to safeguard the interests of local and international 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 and international investors. In the event of damage that forces the solar system to halt power generation, insurance 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 and international 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 especially representatives 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
Founded in Cambodia in 1999, Forte is one of the country’s leading insurance groups, providing a wide range of protection solutions for individuals, families, and businesses. With a vision to protect and empower people across emerging Southeast Asia, Forte has played an important role in building confidence and supporting the growth of Cambodia’s insurance industry.
Forte Insurance (Cambodia) Plc has been affirmed by GCR Ratings, an affiliate of Moody’s, with a financial strength rating of B+ on the international scale and AA+(KH) on the national scale, reflecting its strong financial standing, market position, and commitment to meeting customer obligations.
Cambodian Reinsurance Company (“Cambodia Re”) was incorporated as a state enterprise under the guardianship of the Ministry of Economy and Finance in 2002 to support the country’s nascent insurance market. In 2004, Cambodia Re became a joint venture company to bring in more expertise and experience to align with the growth 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.
