Monday 17th February 2025
Kathmandu – The government-formed selection committee has announced a shortlist of five candidates for the position of chairman of the Nepal Insurance Authority. The shortlisted candidates include Kamal Prasad Regmi, current director of the Insurance Authority; Chiranjivi Chapagai, former chairman of the Insurance Authority; Damodar Basaula, former executive director...
Kathmandu – Life insurance companies in Nepal have distributed approximately Rs 6.27 billion as commissions to their agents in the current financial year, marking a 7.13 percent increase from the previous year’s figure of Rs 5.85 billion, according to the financial statements published by these companies. Nepal Life Insurance...
Kathmandu – Life insurance companies in Nepal have distributed approximately Rs 6.27 billion as commissions to their agents in the current financial year, marking a 7.13 percent increase from the previous year’s figure of Rs 5.85 billion, according to the financial statements published by these companies. Nepal Life Insurance led the sector in agent commission distribution, providing Rs 1.63 billion to its agents, an...
Kathmandu – The government is set to implement the classification of insurance surveyors through new insurance regulations. The draft of the regulation, currently in its final stage before publication in the gazette, introduces a three-tier classification system for surveyors under categories A, B, and C. This new provision addresses a long-standing demand from insurance surveyors for clear classification based...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
Kathmandu – The Nepal Insurers Association has extended its congratulations to Sushil Dev Subedi on being recommended as the new Executive Director of the Nepal Insurance Authority. The association expressed its best wishes for his successful tenure. On Thursday, the President of the Nepal Insurers Association, Chunky Chhetri, along with Chief Executive Officers from various non-life insurance companies and...
Kathmandu – The first seven months of the current fiscal year 2081/82 have witnessed significant growth in both deposits and loan disbursements by commercial banks in Nepal. According to data published by the Nepal Bankers Association, deposit collections increased by Rs 242 billion, while loan disbursements rose by Rs 256 billion during this period. At the end of the last fiscal year 2080/81, commercial banks had collected Rs 575.4...
