Sunday 18th October 2026
Kathmandu — The world economy is still expanding, but the financial cushions that have protected it from repeated shocks are running low, the International Monetary Fund said at its 2026 Annual Meetings in Bangkok. Nepal’s Finance Minister Swarnim Wagle is among the ministers attending, and he is using the...
Kathmandu — Nepal’s 14 life insurance companies collected a combined NPR 14.32 billion in premiums in Bhadra, the second month of fiscal year 2026/27, according to data published by the Nepal Insurance Authority. The total was 8.21% lower than the NPR 15.60 billion collected in the same month of...
Kathmandu — Nepal’s 14 life insurance companies collected a combined NPR 14.32 billion in premiums in Bhadra, the second month of fiscal year 2026/27, according to data published by the Nepal Insurance Authority. The total was 8.21% lower than the NPR 15.60 billion collected in the same month of fiscal year 2025/26. Despite the year-on-year decline, the sector’s performance came amid national mourning following...
Kathmandu — ICRA Nepal has assigned an issuer rating of ‘A-’ to IGI Prudential Insurance and placed it under watch with developing implications, citing a sharp rise in claims from the August 2026 floods. The rating, published on October 1, indicates an adequate degree of safety in meeting financial obligations and a low level of credit risk. According 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/Bangkok — The joint Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group opened in Bangkok, Thailand, on October 12. Global policymakers are gathering to discuss the world economy, financial stability and development strategies. The meetings run through October 18 and are expected to draw more than 15,000 participants from 191 countries, including Nepal. The venue is the Queen Sirikit National Convention Center (QSNCC). Finance...
