Saturday 3rd October 2026
Kathmandu — The Nepal Insurance Authority has directed insurance companies to facilitate the settlement of insurance claims during floods and other disasters, introducing measures to support policyholders affected by such emergencies. The new provisions are intended to simplify the claims process in cases where policyholders have died or gone...
Kathmandu – The Nepal Insurance Authority has begun testing an Automatic Surveyor Deputation System that assigns surveyors to insurance claims, replacing the practice of insurers choosing them at their own discretion. The system responds to a long-standing demand of the Surveyors’ Association. Testing began Monday. The Authority built the...
Kathmandu — Insurance companies paid a total of NPR 6.78 billion in claims during the first month of fiscal year 2026/27, with life insurers alone accounting for NPR 5.47 billion. According to data from the Nepal Insurance Authority, life and non-life insurance companies paid NPR 6.78 billion against 39,090 claims in July 2026. In July 2025, insurers paid NPR 6.74 billion against 38,529 claims....
Kathmandu — Lawmakers have called on the government to introduce mandatory insurance for public infrastructure and to rebuild structures damaged by floods and landslides without delay, citing the repeated loss of lives and property to climate-related disasters across Nepal. Speaking in Tuesday’s special session of the House of Representatives, lawmakers from several parties also raised concerns about disaster preparedness,...
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 — Deposits at banks and financial institutions fell 0.3% (NPR 2.07 billion) to NPR 8.256 trillion in the first month of fiscal year 2083/84 (mid-July to mid-August 2026), according to data released by Nepal Rastra Bank. In the same period last fiscal year, deposits had declined 0.8% (NPR 5.579 billion). On a year-on-year basis, deposits at banks and financial institutions increased 14.5% as of mid-August 2026. As of...
