Supreme Court Summons Both Parties for Discussion on NIA Chairman Ojha’s Appointment

Kathmandu – The Supreme Court has summoned both parties for discussion regarding an interim order in the writ petition challenging the appointment of Sharad Ojha as the Chairman of the Nepal Insurance Authority (NIA), the regulatory body overseeing the...


Writ Petition Filed Against Nepal Insurance Authority Chairman Sharad Ojha

Kathmandu – A writ petition has been filed in the Supreme Court, challenging the qualifications and age of Sharad Ojha, who was recently appointed as the Chairman of the Nepal Insurance Authority. The petition, registered under case number 081...


Insurance Agents Raises Concerns Over Regulatory Challenges, Chairman Ojha Remains Unresponsive

Kathmandu – Life insurance agents across Nepal are facing challenges due to certain provisions in the Insurance Regulations, and many are looking to Nepal Insurance Authority Chairman Sharad Ojha for support. Despite his background as an insurance agent, there...


Reinsurance Sector Faces Challenges as Climate Change and Urbanization Drive $350 Billion in Losses

Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...


Nepal Insurance Concludes AGM, Approves Dividend Proposal

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on...


Earthquake Insurance Expected to Soar Following the Destruction in Bangkok

Bangkok  – Following the recent powerful earthquake that struck several parts of Thailand, including Bangkok, the insurance industry is gearing up to reassess its approach to natural disaster coverage. Insurers are now set to discontinue free earthquake coverage and...


Insurance Coverage Expands Modestly as Premium Collection Rises

Kathmandu – The total population covered by Kathmandu Insurance has reached 44.17 percent, including term, short-term, and foreign employment life insurance policies. This marks a slight increase from the 43.16 percent coverage recorded during the same period last fiscal...


1% of Federal Hospital Development Committee’s Income to Boost Health Insurance Fund

Kathmandu – In a move to strengthen Nepal’s health insurance system, Health and Population Minister Pradeep Poudel has decided to allocate 1% of the total income of the Federal Hospital Development Committee to the Health Insurance Fund. This ministerial...


Nepal Insurance Authority Directs Swift Settlement of Riot-Related Claims

Kathmandu – The Nepal Insurance Authority has instructed all non-life insurance and non-life micro-insurance companies to expedite the settlement of insurance claims for damages incurred due to the recent riots in Kathmandu Valley on Chaitra 15 (March 28). In...


Myanmar’s Earthquake and Nepal’s Lessons: Can Insurance Cover the Unfolding Crisis?

Myanmar’s recent 7.7 magnitude earthquake has left the nation reeling, with over 1,600 fatalities, thousands injured, and entire communities devastated. The tremors were felt as far as Bangkok, Thailand, leading to building collapses and widespread panic. The destruction is...