Tuesday 22nd September 2026
Kathmandu — The Nepal Insurance Authority is making final preparations to introduce a separate, simplified procedure to facilitate life insurance claim payments to the dependent family members and legal heirs of people missing in the devastating Rasuwa-Bhotekoshi floods and landslides. Under existing insurance and national laws, settling claims for...
Kathmandu — The solvency margin ratio, a measure of financial strength and risk-bearing capacity, declined among life insurers in Nepal in the last fiscal year compared with the previous year. The industry’s average ratio fell by 0.47 times, from 2.31 times to 1.84 times. According to the fourth-quarter financial...
Kathmandu — The Nepal Insurance Authority is making final preparations to introduce a separate, simplified procedure to facilitate life insurance claim payments to the dependent family members and legal heirs of people missing in the devastating Rasuwa-Bhotekoshi floods and landslides. Under existing insurance and national laws, settling claims for missing persons involves legal complications. While missing citizens cannot be declared dead under the law...
Kathmandu — Preliminary insurance claims for damage caused by floods in the Bhotekoshi and Trishuli rivers have reached around NPR 25.87 billion across 15 non-life insurers. According to claim details received by the Nepal Insurance Authority as of September 1, 2026, 583 policyholders have filed preliminary claims totaling NPR 25.873579 billion. The Oriental Insurance Company has recorded the largest...
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 — Deposits at banks and financial institutions fell 0.3% (NPR 2.07 billion) to NPR 8.256 trillion in the first month of fiscal year 2083/84 (mid-July to mid-August 2026), according to data released by Nepal Rastra Bank. In the same period last fiscal year, deposits had declined 0.8% (NPR 5.579 billion). On a year-on-year basis, deposits at banks and financial institutions increased 14.5% as of mid-August 2026. As of...
