Kathmandu — Insurance companies in Nepal have significantly expanded their claim settlement scope, with non-life insurers in particular showing remarkable growth in the current fiscal year. According to the Nepal Insurance Authority, the total insurance claim payments by both...

Artificial Intelligence is no longer a distant experiment in the insurance world. From underwriting to disaster management, AI is fundamentally transforming how insurance is designed, delivered, and consumed. Globally, the AI-in-insurance market is projected to surge to over USD...

Kathmandu – Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year. According to data...

Kathmandu – Nepal’s insurance industry has emerged as a key employment generator, with over 12,000 individuals currently working across 37 life and non-life insurance companies. According to data released by the Nepal Insurance Authority, 12,234 employees were engaged in...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has announced that the authority is working to develop a ‘bundle product’ and launch a province-wide insurance campaign in all seven provinces, starting with Koshi. He made this statement during an...

Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Kathmandu — In a major policy reform, the Health Insurance Board of Nepal has decided to make health insurance services more accessible and convenient. Starting Shrawan 1 (July 17) of the upcoming fiscal year, insured individuals will be able...

Kathmandu – Nepal Insurance Company Limited is set to issue 34.783 percent right shares starting from Shrawan 6, 2082, following approval from the Securities Board of Nepal (SEBON). The company is offering a total of 6,576,967.76 units of right...

Kathmandu – The Nepal Insurance Authority (NIA) convened a high-level discussion and interaction program with key stakeholders from the insurance and reinsurance sector. The program was held at the Marriott Hotel in Kathmandu on Thursday. The event brought together...

Kathmandu — Life insurance companies operating in Nepal have collectively conducted micro insurance business worth Rs 2.05 billion by end of Jestha (mid-April to mid-June) of the current fiscal year, according to the latest data published by the Nepal...