Monday 16th November 2026
Photo Courtesy: Asia Insurance Review Hongkong — Insurance regulators will not tell insurers where to do business, even as many disaster-hit communities remain uninsured, the head of the global supervisors’ body has said. Gerry Cross, Secretary General of the International Association of Insurance Supervisors (IAIS), said regulators will focus...
Kathmandu — Infomerics Credit Rating Nepal Limited has reaffirmed Prabhu Insurance Limited’s issuer rating at ‘IRN BBB+’ and removed it from the rating watch list, where it had been placed under negative watch. The rating reflects the company’s ability to pay large claims from natural disasters, social unrest and...
Kathmandu — Infomerics Credit Rating Nepal Limited has reaffirmed Prabhu Insurance Limited’s issuer rating at ‘IRN BBB+’ and removed it from the rating watch list, where it had been placed under negative watch. The rating reflects the company’s ability to pay large claims from natural disasters, social unrest and other unexpected events, supported by adequate liquidity, a strong capital base and reinsurance arrangements. The...
Kathmandu — Insurance companies in Nepal paid more than Rs 23 billion in claims during the first three months of the current fiscal year 2026/27 (mid-July to mid-October). According to data from the Nepal Insurance Authority, life and non-life insurers settled claims worth a combined Rs 23.01 billion by mid-October. During the review period, life insurance companies paid Rs...
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...
