Tuesday 27th October 2026
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 – CARE Ratings Nepal has reaffirmed Sun Nepal Life Insurance Company’s ‘CARE-NP Triple B Plus’ issuer rating, pointing to steady premium growth, a sound investment portfolio, reinsurance support and solvency well above the regulatory minimum. The rating signals the company’s ability to meet its financial obligations on time....
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 — Non-life insurance companies in Nepal will continue providing services during the Dashain holiday, keeping selected branches and service counters open with limited staff to assist policyholders. Most non-life insurers have made arrangements to maintain essential services during the holiday by assigning staff to designated locations and operating at specific hours. Recent floods and landslides are expected to...
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...
