Thursday 17th September 2026
Kathmandu — Insurance companies are preparing to settle small claims from policyholders affected by floods and landslides in Rasuwa and surrounding areas within a month. Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and CEO of Siddhartha Premier Insurance, said claims ranging from NPR 50 million to NPR...
Kathmandu — The Koshi Provincial Office of the Nepal Insurance Authority and experts from the Japan International Cooperation Agency (JICA) have discussed ways to expand parametric insurance to manage climate and disaster-related risks in Nepal. The discussion focused on the use of insurance to manage economic losses caused by...
Kathmandu — The solvency ratio, a key indicator of the financial strength of life insurance companies, has declined significantly since the implementation of the risk-based capital system. An ICRA Nepal report has concluded that the decline reflects the new system’s more granular and risk-sensitive approach to measuring the risks borne by insurers, compared with the previous framework. Solvency indicates a life insurer’s financial capacity...
Kathmandu — Insurance companies are preparing to settle small claims from policyholders affected by floods and landslides in Rasuwa and surrounding areas within a month. Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and CEO of Siddhartha Premier Insurance, said claims ranging from NPR 50 million to NPR 100 million are being targeted for settlement within a month....
Kathmandu — The flood in Rasuwa has disrupted communications with insurance companies, banks, hydropower projects and other offices operating in the area. There is still no confirmed information on the extent of damage caused to the offices of insurance companies and banks. The Ministry of Energy, however, is collecting data on the damage caused to hydropower projects. The branches...
Kathmandu – ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer credit rating from ‘ICRA NP-IR A’ to ‘ICRA NP-IR A-‘, citing the reinsurer’s potentially large exposure to claims from the devastating August 26 flash floods. The company remains on ‘watch with negative implications.’ The ‘W’ notation attached to the rating signals that further review is pending, while the...
Kathmandu — Commercial banks in Nepal earned nearly NPR 70 billion in net profit during fiscal year 2025/26. According to the fourth-quarter financial statements published by 20 commercial banks, the banks posted a combined net profit of NPR 69.87 billion. The combined profit increased by 32.27 percent, or NPR 17.05 billion, compared with the previous fiscal year. Commercial banks had earned a combined net profit of NPR 52.82 billion...
