South Korea’s motor insurance sector is projected to expand at a steady pace over the next four years, fueled by a surge in electric vehicle (EV) adoption, increased premium rates, and a rebound in vehicle sales. According to industry...

As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered...

The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...

Kathmandu – Despite over five decades of insurance practices in Nepal, the country continues to rely heavily on foreign expertise for actuarial valuations, raising concerns over financial sovereignty, data privacy, and regulatory efficiency. Almost 98 percent of actuarial valuations...

Kathmandu – The Government of Nepal is preparing to establish a massive Alternative Development Finance Fund worth Rs. 100 billion, with significant investment participation from insurance companies and other major institutional investors. According to a bill proposed by the...

Kathmandu – A high-level discussion on health insurance policies and systems was held on Monday between the Nepal Insurance Authority (NIA) and the Sichuan Health Security Administration in Chengdu, Sichuan Province, China. The bilateral meeting focused on health insurance sustainability, service accessibility, and...

Kathmandu – In a landmark move to bolster data privacy and cybersecurity frameworks in the Asian region, Singapore-based Data Protection Experts Asia Sdn Bhd (DPEX Asia) and Nepal’s leading cybersecurity firm, One Cover Pvt. Ltd., have signed a Memorandum...

Kathmandu – MetLife Nepal has introduced a new insurance plan, ‘Double Protection Plus (DPP)’, marking a first-of-its-kind offering in the country that integrates high insurance protection with long-term savings benefits. The insurance plan which was launched at a special...

Kathmandu – Shikhar Insurance has been awarded the ISO/IEC 27001:2022 certification, a globally recognized standard for information security management systems. The ISO/IEC 27001:2022 certification is a testament to Shikhar Insurance’s adherence to international standards in its policies, procedures, and...

Kathmandu – As Nepal’s streets hum with the quiet promise of electric vehicles (EVs), another shift is gaining traction beneath the surface — one that’s less visible but equally vital. The rise of EV insurance is quietly rewriting the...