Tuesday 16th June 2026
Kathmandu — The Insurance Authority has clarified the uncertainty over whether CEOs and employees of insurance companies should be suspended after criminal cases have been formally filed against them. The clarification comes after the Authority decided to suspend CEOs, directors, and other officials of various insurance companies who have...
Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by the Insurance Surveyors Association. At a one-day seminar titled “EV...
Kathmandu — Credit rating agency CARE Ratings Nepal has reaffirmed the issuer rating of Reliable Nepal Life Insurance, maintaining its ‘CARE-NP A- (Issuer)’ rating. The rating indicates that the company provides an adequate degree of safety with respect to the timely servicing of its financial obligations and is considered to have a low credit risk profile. According to the company’s audited financial statements, its...
Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by the Insurance Surveyors Association. At a one-day seminar titled “EV Insurance Claim Dispute Management: Current Challenges and Emerging Trends,” organized...
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 — Surendra Thapa, CEO of Nepal Reinsurance Company, has finally been suspended. Thapa, who had been drawing a salary worth hundreds of thousands of rupees per month, is alleged to have played a role in actions that harmed the company’s interests. His suspension took effect today. The suspension follows the filing of a money laundering case against Thapa...
Kathmandu — Commercial banks have succeeded in earning nearly NPR 56.5 billion in profit during the first 10 months of the current fiscal year 2025/26(2082/83). According to data published by the Nepal Rastra Bank up to mid-May 2026 (end of Baisakh), the country’s 20 commercial banks posted a combined profit of NPR 56.47 billion. The profit earned by the banks is 18.16 percent higher than in the corresponding period...
