Kathmandu — Insurance companies are preparing to settle small claims from policyholders affected by floods and landslides in Rasuwa and surrounding areas within a month. Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and CEO of Siddhartha Premier...

Kathmandu — The Koshi Provincial Office of the Nepal Insurance Authority and experts from the Japan International Cooperation Agency (JICA) have discussed ways to expand parametric insurance to manage climate and disaster-related risks in Nepal. The discussion focused on...

Kathmandu — The government is preparing to legally guarantee air passengers’ rights and compensation. Minister for Culture, Tourism and Civil Aviation Khadak Raj Paudel said minimum compensation and passenger rights in cases such as flight cancellations, delays and lost...

Kathmandu — The solvency ratio, a key indicator of the financial strength of life insurance companies, has declined significantly since the implementation of the risk-based capital system. An ICRA Nepal report has concluded that the decline reflects the new...

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...

Kathmandu — Life insurance companies conducted more than NPR 26.62 billion worth of insurance business in the first month of the current fiscal year 2026/27, July. According to data published by the Nepal Insurance Authority, 14 operating life insurance...

Kathmandu — The Nepal Insurance Authority has directed all licensed insurers to update and publicly disclose key institutional information on their websites in accordance with legal provisions on the prevention of money laundering. The Authority’s Anti-Money Laundering Division issued...

Kathmandu — Life insurance companies collected NPR 21.71 billion in renewal premiums during the first month of the current fiscal year 2026/2027(2083/84). This represents a 32.55 percent increase from the NPR 16.38 billion collected during the same period of...

Kathmandu — The Nepal Insurance Authority has released the first-month statistics for life insurance companies for the current fiscal year 2026/27(2083/84). According to the data, insurers’ first premium income increased by 37.87 percent. In the first month of fiscal...

Kathmandu — The solvency margin ratio, a key measure of financial strength and risk-bearing capacity for companies operating in Nepal’s non-life insurance sector, improved in the fiscal year ended mid-July 2026 (Asar-end 2083 BS) compared with the previous fiscal year...