Kathmandu – The devastating floods and landslides that struck Rasuwa district on Ashar 23 (July 7) have triggered insurance claims worth Rs 843.81 million, as per the latest figures released by the Nepal Insurance Authority. According to the Authority,...

Kathmandu — The Supreme Court has scheduled a hearing on Shrawan 14 (July 30) for the writ petition filed by Sharad Ojha, the suspended chairman of the Nepal Insurance Authority. The case, which had earlier been listed before a...

Kathmandu — The Nepal Insurance Authority (NIA) has introduced a new directive aimed at overhauling the financial health framework of the country’s insurance sector. Titled the Risk-Based Capital and Solvency Directive 2025 (2082), the regulation is designed to refine...

Kathmandu – Reliable Nepal Life Insurance Company Limited has announced its top-performing agents for the fiscal year 2081/82, recognizing the outstanding contributions of Baburam Adhikari, Gayatri Sedhai, and Geeta Nepal. These three individuals have emerged as the highest achievers...

Minneapolis – Allianz Life Insurance Company of North America has confirmed a significant data breach affecting the majority of its 1.4 million customers. The Minneapolis-based insurer, a subsidiary of Germany’s Allianz SE, reported that a malicious actor accessed personally...

Global commercial insurance pricing dropped by 4% in the second quarter of 2025, marking the fourth consecutive quarterly decline, according to Marsh’s latest Global Insurance Market Index. This decline follows a 3% drop in the first quarter and comes...

Kathmandu – MetLife Nepal, operating in the country as a branch office of the American life insurance company Alico since 2058 BS, is facing criticism for allegedly conducting activities outside the regulatory scope of its insurance license. According to...

Kathmandu – Himalayan Life Insurance Limited has been awarded an ‘A Plus’ Issuer Rating (IRN A+ (IS)) by Infomerics Credit Rating Nepal Limited, reflecting the company’s strong financial fundamentals and low credit risk. Entities with this rating are regarded...

Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the...

New Delhi – The Government of India has appointed Ajay Seth, former Finance Secretary and a seasoned bureaucrat from the 1987 batch of the Indian Administrative Service (IAS), as the new Chairman of the Insurance Regulatory and Development Authority...