Friday 7th August 2026
Washington — Artificial intelligence (AI) could help developing countries such as Nepal achieve in a decade what might otherwise take a century, provided governments move quickly to strengthen electricity supply, internet connectivity, digital skills and public institutions, according to the World Development Report 2026: The Promise of Artificial Intelligence,...
Kathmandu — Two months after applications closed for the appointment of the Chairperson of the Nepal Insurance Authority, the government has yet to disclose the list of applicants or provide an official update on the selection process, raising questions about transparency and the prolonged delay. The Ministry of Finance...
Kathmandu — Nepal’s 14 life insurers and three micro life insurance companies collected a combined NPR 204.60 billion in gross written premiums from various life insurance products during the last fiscal year. Term life insurance remained the largest business line, generating NPR 82.62 billion in premiums. Advance payment term life insurance followed with NPR 37.67 billion, while child-related term life insurance contributed NPR 33.83...
Kathmandu — Nepal’s non-life insurers more than doubled their earthquake premium reserve fund over the past year, strengthening their financial preparedness against seismic risk. However, two of the country’s oldest insurers (Nepal Insurance and Rastriya Beema Company) have yet to set aside any reserves for earthquake-related liabilities. The industry’s earthquake reserve fund reached NPR 455 million by the end...
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 — The Supreme Court of Nepal has ruled that the issuance of Himalayan Reinsurance Limited’s initial public offering (IPO) at a premium price was not carried out in accordance with the law. In its recently published full verdict, the Court held that both the Securities Board of Nepal (SEBON) and the Nepal Insurance Authority (NIA) failed to comply...
Kathmandu — Nepal Rastra Bank (NRB) has rolled out a new set of regulations requiring banks and financial institutions to tighten oversight of dormant accounts, as part of broader efforts to reduce financial crime and curb the misuse of inactive banking channels. The measures, introduced through amendments to the Unified Directives 2082, were issued by the Bank and Financial Institutions Regulation Department under the authority granted by Section 79...
