Wednesday 2nd April 2025
Kathmandu – Life insurance agents across Nepal are facing challenges due to certain provisions in the Insurance Regulations, and many are looking to Nepal Insurance Authority Chairman Sharad Ojha for support. Despite his background as an insurance agent, there is a perception among agents that their concerns have not...
Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters such as fires, floods, landslides, and storms have placed immense...
Kathmandu – Sanima Reliance Life Insurance Limited has distributed an 8% cash dividend to its shareholders, following approval from the company’s eighth annual general meeting held on Chaitra 8 (March 21). The dividend amount has been directly deposited into the respective bank accounts of eligible shareholders. The company had its book closure on Falgun 26 (March 10) for the purpose of the general meeting....
Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on the current paid-up capital for shareholders. Additionally, the meeting authorized the Board of Directors to amend the company’s Memorandum of...
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...
Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters such as fires, floods, landslides, and storms have placed immense financial pressure on insurance companies. The study, conducted by Swiss...
Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by 5.62%, while lending grew by 6.12% during the period. As of the end of month of Ashar (mid-July, 2024) 2080/81, commercial banks had collected a total of Rs 5.715 trillion...
