Friday 6th November 2026
Kathmandu — Nepal’s non-life insurance business grew by 22.82 percent in the first quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. Non-life insurers collected Rs 15.55 billion in gross premiums by the mid-October (end of Ashoj), up from Rs 12.66 billion during...
Kathmandu — Fourteen non-life insurance companies collected a total of Rs 15.55 billion in gross premiums during the first quarter of the current fiscal year, covering mid-July to mid-October (Shrawan to Ashoj). The insurers issued a combined 836,074 insurance policies during the period. According to data published by the...
Kathmandu — Fourteen life insurance companies operating in Nepal collected a total of Rs 44.77 billion in renewal premiums by the mid-October (end of Ashoj) in the current fiscal year. This represents a 12.80 percent increase compared with the same period of the previous fiscal year. Nepal Life Insurance further strengthened its leading position in renewal premium collection. The company collected Rs 11.58 billion...
Kathmandu — Nepal’s non-life insurance business grew by 22.82 percent in the first quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. Non-life insurers collected Rs 15.55 billion in gross premiums by the mid-October (end of Ashoj), up from Rs 12.66 billion during the same period last fiscal year. SALICO collected Rs 1.84...
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 — Global IME Bank Limited has started building a new corporate headquarters at Uttardhoka, with Board Chair Chandra Prasad Dhakal and CEO Surendra Raj Regmi performing the bhumipuja on Friday. The 12-storey building will cover about 146,000 square feet, with two basement parking levels, a ground floor and nine upper floors. The bank says it will be the largest and most modern among commercial bank headquarters. It is designed...
