Wednesday 18th March 2026
Kathmandu — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter to all non-life insurance firms, announcing the reduction in commission...
Mumbai — India’s insurance sector is set to enter a phase of sustained expansion, with premium growth expected to outpace most major global markets over the next five years, according to a new outlook by global reinsurance major Swiss Re. Swiss Re projects that India’s insurance premiums will grow...
Kathmandu – IME Life Insurance Company has been increasingly becoming customer-friendly. The company has successfully created a distinct identity in the insurance sector by providing insurance claim payments in a simple and convenient manner to protect the rights and interests of policyholders. The company paid 2 crore 30 lakh rupees in insurance claims for 70 claims filed from different locations during the month of...
Kathmandu — Siddhartha Premier Insurance Limited has urged concerned policyholders to come forward and receive payments for claims submitted up to the end of Poush. The company stated that although claim applications have been filed on behalf of many policyholders, the payments remain pending because the insured have not contacted the company with the additional documents required for claim...
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 — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter to all non-life insurance firms, announcing the reduction in commission for riot and terrorism coverage. The move has left insurers...
Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a double-digit decline compared to the same period last fiscal year, when banks had earned Rs 16.18 billion. Out of the 20 commercial banks, the profits of 15 banks have decreased,...
