Kathmandu — The government will introduce special measures to speed up insurance claim settlements and help flood- and disaster-affected businesses resume operations. The Ministry of Finance’s Business Recovery Plan — Phase I has made insurance claims and compensation a priority for providing relief to affected enterprises. Under the plan,...
Kathmandu — Business from single-premium life insurance policies recorded significant growth in the fourth quarter of fiscal year 2025/26 (2082/83 B.S.). Life insurance companies collected a total of NPR 22.421 billion in single premiums during the period, an increase of 39.48% compared with the same period a year earlier,...
Kathmandu — Business from single-premium life insurance policies recorded significant growth in the fourth quarter of fiscal year 2025/26 (2082/83 B.S.). Life insurance companies collected a total of NPR 22.421 billion in single premiums during the period, an increase of 39.48% compared with the same period a year earlier, when single-premium collections stood at NPR 16.0745 billion (FY 2024/25). Nepal Life Insurance led the...
Kathmandu — The government will introduce special measures to speed up insurance claim settlements and help flood- and disaster-affected businesses resume operations. The Ministry of Finance’s Business Recovery Plan — Phase I has made insurance claims and compensation a priority for providing relief to affected enterprises. Under the plan, surveyors will be deployed through a simplified process to assess...
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...
Zurich — Global reinsurance giant Swiss Re on Thursday reported a 9% year-on-year increase in net income to USD 2.8 billion for the first half of 2026, driven by strong performance across all its business units. The company posted USD 1.3 billion in net income for the second quarter alone, keeping it on track for its full-year target of...
Kathmandu — Commercial banks in Nepal earned nearly NPR 70 billion in net profit during fiscal year 2025/26. According to the fourth-quarter financial statements published by 20 commercial banks, the banks posted a combined net profit of NPR 69.87 billion. The combined profit increased by 32.27 percent, or NPR 17.05 billion, compared with the previous fiscal year. Commercial banks had earned a combined net profit of NPR 52.82 billion...