Tuesday 1st July 2025
Kathmandu — Nepal’s life insurance sector has witnessed a strong rise in new business, earning Rs 34.09 billion in first premiums by mid-June of the current fiscal year. According to data published by the Nepal Insurance Authority on Sunday, all 14 life insurance companies currently in operation contributed to...
Kathmandu — Nepal’s life insurance sector has shown impressive growth, with companies earning a total of Rs 154.5 billion in premiums by the end of the 11th month of the current fiscal year. This marks a 15.29 percent increase compared to the same period last year, when premiums totaled...
Kathmandu — Sun Nepal Life Insurance has successfully conducted a special training program focused on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). The event was held in a grand setting at a hotel in Dhulikhel, bringing together key leadership and managerial staff from across the company. The training was attended by Chief Executive Officer Rajkumar Aryal, Senior Deputy CEO Kabi Phuyal, Chief...
Kathmandu, – Non-life insurance companies in Nepal have collected insurance premiums worth Rs 39.88 billion by the end of Jestha (mid-June) of the current fiscal year, largely driven by motor and property insurance policies made mandatory by the government. According to data published by the Nepal Insurance Authority, the 14 active non-life insurance companies in the country sold a...
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 growing number of insurance companies in Nepal have yet to hold their annual general meetings (AGMs), leaving shareholders waiting for financial updates and returns. Even as the current fiscal year nears its end, nine companies are still behind in conducting AGMs for the last fiscal year. According to market data, delays in actuarial valuation—especially among life...
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’...
