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Irregularities Found in Kathmandu-Terai Fast Track Insurance; Non-Life Insurers Under Scrutiny

Kathmandu — Irregularities have been detected in the insurance arrangements for the Fast Track project being constructed to connect the capital with the Terai-Madhesh region. Following these findings, Nepal’s insurance regulator, the Nepal Insurance Authority, has initiated closer monitoring of the involved non-life insurance companies. The Authority launched an...

Himalayan Re Directors, Including Resigned Chair Shekhar Golchha, Give “Silence” Response to Regulator

Kathmandu — Directors of Himalayan Re, including former chair Shekhar Golchha, have issued what is being described as a “silence response” to a clarification sought by the Nepal Insurance Authority. About a week ago, the regulator had asked for explanations from board members and senior management. In response, Golchha...


Insurance Sector Emerges as a Growing Employer, Coverage Surpasses 50%

Kathmandu — Nepal’s insurance industry is increasingly positioning itself as a strong source of employment. In recent years, the sector has attracted a growing workforce, with more than 12,000 people now directly employed across life, non-life, and micro-insurance companies. Competitive benefits, incentive programs, and ongoing professional development opportunities have made the field especially appealing to younger job seekers as well as individuals from diverse...

Irregularities Found in Kathmandu-Terai Fast Track Insurance; Non-Life Insurers Under Scrutiny

Kathmandu — Irregularities have been detected in the insurance arrangements for the Fast Track project being constructed to connect the capital with the Terai-Madhesh region. Following these findings, Nepal’s insurance regulator, the Nepal Insurance Authority, has initiated closer monitoring of the involved non-life insurance companies. The Authority launched an investigation after discovering that the insurance had been arranged in...

After the Fall: Can Nepal Insurance Authority Regain its Purpose and Public Trust?

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...