Forte – the leading Cambodian insurance group – was honoured with two prestigious awards at the Asian Management Excellence Awards held in Bangkok on 23 January.
Youk Chamroeunrith, Group CEO at Forte Group, was awarded "Executive of the Year – General Insurance (Cambodia)", a testament to his exceptional leadership and dedication to the industry.
This is the first time a Cambodian business leader has been acknowledged with such a distinction at the awards.
Forte's management team was also awarded "Team of the Year (Cambodia)", reflecting the collective effort and strategic expertise that have become the hallmark of their success.
Reaching its 25th anniversary this year, Forte celebrates this significant milestone with the two awards, symbolising its commitment to Cambodia's insurance sector since 1999.
Chamroeunrith has been pivotal from the start, alongside Founder Carlo Cheo and Group Executive Chairman Charles Cheo, in establishing Forte's dominant 45 per cent market share in the Kingdom's general insurance market for more than 20 years.
With over 30 years' experience in insurance and risk management, Chamroeunrith began his career at Forte in 1999 as Head of Operations and swiftly progressed through various underwriting and strategic roles.
His recognition as Cambodian Executive of the Year is testament to his decades of commitment to innovation and customer-centricity, strengthening Forte’s position as an industry leader.
The award for Cambodia Team of the Year reflects the management’s continuous commitment to building capacity in people and protecting families in Cambodia and Laos.
Forte currently covers nearly one million lives and has made significant progress to increasing access to auto, health, medical, life and agriculture insurance coverage.
In recent years, the management team has worked hard to shift Forte’s business model towards consumer lines.
As part of this strategy, they have continually developed innovative solutions to improve their customer experience.
In addition, the management team has given significant importance to developing and nurturing its employees, with some serving with Forte for two decades or more.
“I am honoured to have been awarded as Cambodia’s Executive of the Year as well as for our management team to be recognised as Cambodia’s Team of the Year by the Asian Management Excellence Awards.
"My goal has always been to help people in our region understand the important role that insurance and financial planning plays in leading a happy and confident life.
"On behalf of Forte’s management team, I would like to thank the Asian Management Excellence Awards for the recognition and, most importantly, to thank our loyal customers for being a part of this incredible journey,” said Chamroeunrith.
About Forte Insurance
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.
Offering both general and life insurance in Cambodia, and general insurance in Laos, Forte is the preferred partner of multinational insurers.
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.