Wednesday 2nd July 2025
Kathmandu — The Nepal Insurance Authority has issued a strong warning to insurance companies following a surge in complaints from policyholders about delays and unfair treatment. In a circular released on Tuesday, the Authority instructed insurers to settle claims promptly and refrain from causing unnecessary hardship to the insured....
Kathmandu — Life insurance and microinsurance companies operating across Nepal have collectively generated over Rs 155.15 billion in insurance premiums across all seven provinces by the end of Jestha month, according to data released by the Nepal Insurance Authority. These earnings stem from various insurance categories, including endowment, advance...
Kathmandu – Himalayan Everest Insurance Limited has issued a public notice urging policyholders to promptly submit pending documents necessary for claim settlements. According to the company, several claim applications submitted over different periods remain incomplete due to missing documentation. In some instances, the insured parties have not followed up or remained out of contact, further delaying the claim process. The insurer has warned that...
Kathmandu – Investors eyeing the dividend benefits from United Ajod Insurance Limited must purchase shares by the end of trading today, Ashar 18 (July 2), to qualify. The company’s has its book closure on Ashar 19 (July 3) in preparation for its 31st Annual General Meeting (AGM) and dividend distribution. As per the announcement, only shareholders recorded by today...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
Aon’s latest midyear 2025 Reinsurance Market Dynamics report has revealed that global reinsurance capital rose to $720 billion by the end of the first quarter, up from $715 billion during the same period in 2024. The report highlights a broadly competitive environment at the June/July renewal season, despite an active first half marked by significant natural catastrophe losses. Reinsurers,...
Kathmandu – Nepal’s banking sector is grappling with a sharp increase in non-performing loans (NPL), with the ratio climbing to 5.24 percent by mid-May 2025—up from 3.98 percent during the same period last year. Data published by Nepal Rastra Bank (NRB) show the total volume of NPLs has ballooned to Rs 289.56 billion, reflecting a year-on-year rise of Rs 95.80 billion. The central bank attributes this spike to borrowers’...
