Thursday 29th October 2026
Kathmandu — Insurance companies have paid more than Rs 821.3 million, including advance payments, to settle claims for damage to physical infrastructure, vehicles and other property caused by the devastating floods in the Bhotekoshi and Trishuli rivers in Rasuwa on August 26. According to the Nepal Insurance Authority, insurers...
Kathmandu — The Professional Insurance Agents Association Nepal has demanded an immediate halt to cuts in incentive payments to agents after life insurance companies began reducing the amounts they provide. The association has objected to what it says is the Nepal Insurance Authority’s failure to intervene despite the cuts...
Kathmandu — The Professional Insurance Agents Association Nepal has demanded an immediate halt to cuts in incentive payments to agents after life insurance companies began reducing the amounts they provide. The association has objected to what it says is the Nepal Insurance Authority’s failure to intervene despite the cuts directly affecting agents’ incomes. It has urged the authority to instruct insurance companies not to...
Kathmandu — Insurance companies have paid more than Rs 821.3 million, including advance payments, to settle claims for damage to physical infrastructure, vehicles and other property caused by the devastating floods in the Bhotekoshi and Trishuli rivers in Rasuwa on August 26. According to the Nepal Insurance Authority, insurers have received preliminary claims worth Rs 20.90 billion for flood-related...
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 – Nepal Rastra Bank and several commercial banks have temporarily shut down their websites and some web-based services after a serious vulnerability was identified in PHP, a programming language widely used to run websites and online systems. The shutdowns are a precaution against possible cyberattacks. The National Cyber Security Centre had earlier issued an emergency advisory urging government agencies, public service providers and website operators to assess their...
