Availability of investable securities needs to be increased if the Cambodian capital market wishes to attract large pools of untapped insurance investment, industry leaders say. Huy Vatharo, chairman of the Insurance Association of Cambodia (IAC), said the government should support the development of a diverse securities market in Cambodia to provide investment options that are suitable for insurance companies seeking to diversify the investment of their capital and reserves. Youk Chamroeunrith, managing director of Forte Insurance, said if the capital market conditions were to improve, it could set off a flood of investment from insurers, driving further growth. While Forte has traditionally invested funds in real estate and bank deposits, Chamroeunrith said the company has also directed a portion of its portfolio into local stocks and private equity. Anotoine Fontaine, partner of law firm Bun & Associates, said insurers have limited options when it comes to investing their float—the difference between premiums collected and claims paid out—as well as any other cash on hand. (Source: Phnom Penh Post)