Kathmandu — The Nepal Insurance Authority has urged Parliament’s Finance Committee to amend the Insurance Act every five years and eliminate inconsistencies between the Act and other prevailing laws, arguing that periodic legislative updates are essential to keep pace...

Kathmandu — The Nepal Insurance Authority has introduced a new set of regulatory requirements to strengthen the implementation of Nepal Financial Reporting Standard (NFRS) 17, requiring insurers to comply with updated rules governing financial reporting, bonus declarations, annual general...

Kathmandu — Nepal Rastra Bank (NRB) has rolled out a new set of regulations requiring banks and financial institutions to tighten oversight of dormant accounts, as part of broader efforts to reduce financial crime and curb the misuse of...

Kathmandu — Nepal’s 14 non-life insurance companies issued a combined 2,196,148 insurance policies during the first nine months of the current fiscal year 2025/26 (2082/83), ending mid-April (Chaitra). This compares with 2,192,261 policies issued during the same period last...

Kathmandu — The government has brought an early end to Himalayan Reinsurance’s management of the Foreign Employment Insurance Pool, awarding the responsibility instead to the state-owned Nepal Reinsurance Company as part of its policy to strengthen public-sector enterprises. The...

Kathmandu — The Nepal Insurance Authority has begun reviewing the implementation of the Risk-Based Capital (RBC) framework, two years after its rollout, as it prepares to refine the system based on industry feedback and practical experience. To support the...

Kathmandu — A growing leadership void is casting a shadow over Nepal’s insurance sector, with six insurers across the life, non-life, reinsurance and microinsurance segments continuing to operate without permanent chief executive officers. The lack of executive leadership has...

Kathmandu — The Nepal Rastra Bank (NRB) has unveiled a series of regulatory and structural reforms through its Monetary Policy for FY 2083/84, aimed at making the country’s financial system more resilient, efficient and customer-centric. The policy introduces measures...

Kathmandu – Nepal’s 14 life insurance companies spent a combined Rs 5.1798 billion on employee benefits during the first nine months of FY 2025/26, according to their third-quarter financial statements. The expense, which includes salaries, allowances, bonuses and other...

Kathmandu – Nepal’s microfinance sector is coming under increasing financial strain as a growing number of lenders struggle to meet regulatory capital requirements, raising concerns over their ability to sustain future lending. According to data published by the Nepal...