Tuesday 3rd November 2026
Kathmandu – The number of life insurance policies discontinued before maturity through lapses and surrenders has increased significantly in Nepal. According to a report recently published by the Nepal Insurance Authority, the value of inactive life insurance policies due to non-payment of renewal premiums reached Rs 36.51 billion in the...
Kathmandu – Although the use of digital technology has started increasing in Nepal’s microinsurance companies, a shortage of skilled manpower, limited digital access and a lack of customer confidence in technology have emerged as major challenges to its implementation. A report published by the Nepal Insurance Authority shows that the...
Kathmandu – Nepal Life Insurance Company has received a credit rating upgrade, reflecting improvements in its financial strength, solvency, investment diversification and business performance. ICRA Nepal has raised the company’s issuer rating from ‘ICRA NP-IR A-’ to ‘ICRA NP-IR AA’. The ‘AA’ rating indicates a high degree of safety in the timely fulfilment of financial obligations and a very low level of credit risk....
Kathmandu — The government will provide around Rs 2.19 billion in subsidies for crop and livestock insurance in the current fiscal year 2026/27 to reduce risks and losses in the agricultural sector and strengthen farmers’ financial security, according to the Ministry of Agriculture and Livestock Development. The government has prioritized insurance support to help minimize agricultural losses caused by...
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...
