Thursday 27th November 2025
Kathmandu — A review has shown that Himalayan Everest Insurance returned a portion of an insurance fee collected from Labim Mall in Lalitpur by categorizing it as advertising expenditure. The company had charged around Rs. 3 million in insurance premiums under a property insurance policy issued to Labim Mall....
Kathmandu — The Nepal Insurance Authority and Tribhuvan University’s Central Department of Statistics havae signed a Memorandum of Understanding (MoU) aimed at developing a collaborative framework for insurance-related research and academic exchange. The agreement was signed today at the Authority’s central office in Kupandol by Chairman of the Insurance...
Kathmandu – The MDRT Global Conference, a major annual event for insurance agents worldwide, has revised its business targets for the upcoming year. The conference has increased this year’s participation target by 18 percent compared to last year. Insurance agents aiming to participate in the conference scheduled to be held in about a month must achieve a First Premium Income (FPI) of Rs 52,96,700...
Kathmandu — A review has shown that Himalayan Everest Insurance returned a portion of an insurance fee collected from Labim Mall in Lalitpur by categorizing it as advertising expenditure. The company had charged around Rs. 3 million in insurance premiums under a property insurance policy issued to Labim Mall. According to available information, an arrangement was made to return...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
Kathmandu – Nepal Reinsurance Company has been unable to publish its fourth-quarter financial statement for fiscal year 2080/81 after inconsistencies were reportedly found across several accounting records. The delay has drawn the attention of the Insurance Authority, which has summoned the company’s CEO and departmental officials for further clarification. According to officials, the company has not submitted its annual...
Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a double-digit decline compared to the same period last fiscal year, when banks had earned Rs 16.18 billion. Out of the 20 commercial banks, the profits of 15 banks have decreased,...
