Kathmandu – The Securities Board of Nepal (SEBON) has approved Crest Micro Life Insurance Company to issue its Initial Public Offering (IPO). The company will issue 2.25 million units of shares at a face value of Rs 100 per share, amounting to a total of Rs 225 million. NIMB...
Kathmandu – Federation of Contractor’s Associations of Nepal (FCAN), President Rabi Singh has raised concerns about irregular practices in Nepal’s insurance and reinsurance sectors. Speaking at a program held in Kathmandu to announce a protest, Singh alleged that reinsurance companies are not fostering competitive practices and are instead setting...
Kathmandu – A two-day training workshop on marine insurance, organized by Insurance Protective Services, concluded on Thursday at Hotel Royal Singi, Durbarmarg. The workshop saw the participation of over 50 employees from non-life insurance and reinsurance companies, aiming to enhance their knowledge and capacity in marine insurance. The event was inaugurated by Chunky Chhetri, President of the Nepal Insurance Association and CEO of Sagarmatha...
Kathmandu – Federation of Contractor’s Associations of Nepal (FCAN), President Rabi Singh has raised concerns about irregular practices in Nepal’s insurance and reinsurance sectors. Speaking at a program held in Kathmandu to announce a protest, Singh alleged that reinsurance companies are not fostering competitive practices and are instead setting up predetermined insurance arrangements. The FCAN has criticized what it...
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 two-day training program on marine insurance, organized by Insurance Protective Services, officially commenced on Wednesday (15 January) at Hotel Royal Shingi, Durbarmarg. The workshop, aimed at enhancing the knowledge and capacity of employees from non-life and reinsurance companies, has brought together over 42 participants. The program was inaugurated by Chunky Chhetri, President of the Nepal Insurance...
Kathmandu – The demand for credit from banks and financial institutions for individual residential house construction has surged in recent years, revitalizing Nepal’s real estate sector. The availability of home loans of up to Rs 20 million, coupled with falling interest rates and increased liquidity in the banking system, has encouraged many citizens to build or purchase homes through bank financing. The decrease in deposit interest rates has lowered...