Friday 31st July 2026
Kathmandu — Nearly a decade has passed since Nepal formally introduced microinsurance, and three years have elapsed since the establishment of specialized microinsurance companies. During this period, the sector has made notable progress in institutional expansion, business growth, and financial inclusion. However, its core objective (extending insurance protection to...
Kathmandu — Siddhartha Premier Insurance has retained its ‘A’ issuer rating, with ICRA Nepal reaffirming the company’s strong financial position, risk management capabilities, and ability to meet its policyholder obligations. The rating agency has also removed the insurer from its “Rating Watch with Negative Implications.” According to ICRA Nepal,...
Kathmandu — The Supreme Court’s recent ruling on premium-priced initial public offerings (IPOs) is not expected to impose any additional financial burden on the five insurance companies that issued shares at a premium, as the Nepal Insurance Authority had already required them to ring-fence those funds nearly three years ago. The issue has drawn renewed attention following the publication of the full text of...
Kathmandu — Siddhartha Premier Insurance has retained its ‘A’ issuer rating, with ICRA Nepal reaffirming the company’s strong financial position, risk management capabilities, and ability to meet its policyholder obligations. The rating agency has also removed the insurer from its “Rating Watch with Negative Implications.” According to ICRA Nepal, an ‘A’ issuer rating indicates that the company has an...
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...
