Kathmandu held on Asian Insurance Conference 2023 

Kathmandu, Asian Insurance Conference 2023 held on three day after the meeting of Asian insurance company’s provisional sector. Nepal Insurance Authority (NIA) conference main organizer, International Association of  Insurance Supervisor (IAIS), Asian Development Bank (ADB), and Access to Insurance Initiative (AII)’s assistance were continue conference. In the held on conference participated Nepal, India, Bangladesh, Srilanka, South Korea, Japan along with dozens of countries 500 hundred Insurance representative, Observer and Journalist were participated.

Held on conference’s propose understanding identify, raising risk, evaluation, understanding, mitigation climate change, reduce the raising risk impact, built up technical capacity.

Specially, insurance observer, International and Local insurance agents, re-insurer, Broker were participated, Held on insurance conference was discussion important of risks mitigation on insurance sector, Conference focus multi dimension of multi sectors discussion to make the common concept and solves the problems insurance sector.

Conference will raise risk based solution, inclusion insurance, Include the digital inventory, index based insurance implementation, Subject of discussion was focus on the conference.

Held on conference 500 hundred representative were participation.

Chairman of insurance authority Suryaprasad silwal remarks his demarcation in conference in occasion inauguration session, He states his remarks, hues of developing technology inviting risks additionally should be clear, Silwal said,

‘Climate change, not only the dangerous, also a big challenges, personally, insurance company, possibility total of insurance sector may face obstacle from those of subject. Those who wants financial stability and challenges for policy holding security, said chairman silwal.

‘Nepal insurance authority will provide Insurance industries facilitations and fair of practices promotion, merger and exhibition’s strategy.

Insurance Development Fund continue to process to installation Silwal said.

Layer of the risk management, may be help to disaster risk mitigation,

National strategy action plan, financial beneficiary, priority to mitigation disaster and reforms of the reinsurance policy, Expectation demand to extend the insurance. Nepal Insurance Authority applying to international excellent practices he said,.

Insurance specialist Pascal Lamb said, Access of Insurance Initiatives data’s limited and weak availability, quality, risk evaluation. Asia Pacific continental sector main challenges are insurance industry he added.

According to him marketing motion needs, rule and regulator put on balanced, observation, official capacity and various challenges we are facing.

Obviously, he denoted to promote the digital insurance industry benefits may make competitive and additional divers of delivery the experience in favor of consumer, make confidence and under the financial inclusive should be reforms insurance sector.

Insurance authority director Sushildev Subedi said postponed of satellite pre-season based agriculture insurance process implementation planning period bearing the hinder cause of different obstacle may go action of procedure, he said.

ADB chief Finance Sector’s Specialist Arun chatarji he added multi stakeholder wants to new product lunch in the market to needs of customer. We are watching the pilot project to lunch the effective program.

‘ADB’ as a Bank and we are thinking how to make climate and gender opportunity provide that premium package we are watching furthermost.

Held on conference were panel discussion in various insurance subjects about challenges and opportunities.