Prudential and Royal University of Law and Economics announce Winners of an essay competition to promote access to insurance for women in the run up to Women’s Day.

Out-of-pocket medical expenses in Cambodia reached $856 million [as at 2018], reflecting the financial stress that Cambodian households face upon unforeseen health and medical conditions. Often, it is the women who bear the burden of managing the care of the family than their male counter partners. In the run up to women’s day, we partnered with the Royal University of Law and Economics to launch an essay competition for the students.

The topic we gave them was “Improving access to affordable insurance among women “. We received several applications from the students, highlighting that the topic connected with them. A panel of 5 judges comprising leaders from the Insurance Regulator of Cambodia, Royal University of Law and Economics and Prudential graded the entries to identify 3 winners.

Today we are please to announce the winners of the essays. We would like to acknowledge the efforts of the winners in helping spread awareness about the importance of insurance to Cambodian women.

Congratulations to our three winners in Insurance Essay Competition:

Ms. SAING Muylin

Ms. KAGNAK Tevy Ponlork

Mr. DYSAM Sodyna

We look forward to seeing them in award ceremony in mid-March, organized at Prudential Cambodia.

Below are some excerpts from their essays 

“The main issue in Cambodia is that older women are sceptical about insurance products and even assume that it is nothing but a scam for money. At the same time, women tend to spend their income on household necessities instead of using it for optional expenditures like insurance. […] Accessibility to information is also one of the problems that women in Cambodia are facing.” Click here to read full essay

SAING Muylin 

“[..] will explain how women's insurance coverage can be improved by education of insurance importance and risks for not being insured, women empowerment and insurance plans. […] financial security is part of most women’s concerns, for this reason, women need to be informed that, in this case, insurance is the key because it can cover unforeseen events without draining their life-savings.” Click here to read full essay

KAGNAK Tevy Ponlork 

“Women in senior positions can help improve the women’s insurance coverage by taking into account what they need and what is best for them. […] we need to raise awareness on the need for  improvement in women's insurance coverage in the country as a whole, by popularizing the idea of having insurance through various social media platforms and localized television.” Click here to read full essay

DYSAM Sodyna