Wednesday 7th October 2026
Kathmandu — Jag Bahadur Pun of Kalika Municipality-6 wants to insure his beehives, but the conditions imposed by insurance companies have left him unsure whether to do so. Pun began exploring bee insurance after pesticide exposure destroyed 20 of his beehives in 2017. He has still been unable to...
Kathmandu — Engineers, construction companies and other technical professionals involved in building construction will face personal liability if accidents occur or structures are weakened by technical errors, negligence or carelessness. A bill drafted to amend the proposed Building Act, 2055 introduces stricter liability provisions for technical professionals and construction...
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 — Siddhartha Premier Insurance has begun settling claims for property damage caused by the devastating flood in the Bhotekoshi River on August 26. The insurer made its first payment of NPR 6.4 million to Trishuli Fancy Store in Trishuli Bazaar for inventory swept away by the flood. After receiving the claim settlement document, the shop owner expressed satisfaction...
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...
