We have Prioritized Minimizing Risk Management Challenges in the Insurance Sector: Chairman Malla

Kathmandu — Rajendra Malla, Chairman of Prabhu Insurance, said the company has placed special emphasis on minimizing risk management challenges in the insurance sector. Addressing the company’s annual general meeting, he stated that Prabhu Insurance has strengthened institutional governance and reinforced its internal control systems.

Malla said the company has adopted both short-term and long-term strategies to achieve sustainable success. “Information technology is the foundation of modern insurance and a key driver of customer satisfaction,” he noted. He added that the company has focused on the effective use of technology to make its systems more robust and reliable, while ensuring faster and more convenient services for customers. “Our goal is to become a leading and trusted insurance company. To live up to our slogan ‘Insure with Prabhu, stay worry-free,’ we have emphasized business expansion, human resource development and modernization, employee training and career growth, institutional governance, risk management, full compliance with policies and procedures, and branding,” Malla said. He stressed that employees are the backbone of the organization, adding that the company has strengthened staff management and introduced appropriate training and incentive programs.

Malla also said the company has adopted result-oriented policies to drive business growth while continuing to control unnecessary expenses. He noted that the company won awards in two categories at the sixth edition of the Emerging Asia Awards organized by the Indian Chamber of Commerce in Bangkok, Thailand, this year.

Despite challenging conditions in the insurance sector, the company has proposed distributing dividends from the profit of the fiscal year 2024–2025. This includes bonus shares worth 9.1579 percent of the current paid-up capital and a cash dividend of 0.4579 percent for tax purposes, totaling NPR 155.77 million.