Kathmandu – Nepal’s life insurance companies have seen a significant rise in claim payouts, with all 14 operating life insurance companies disbursing a total of Rs 78.72 billion in the last fiscal year (FY 2081/82). This marks a 19.20...

Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...

Kathmandu – The government has formally dismissed the suspended Chairman of the Nepal Insurance Authority, Sharad Ojha, less than six months after his appointment. According to a source close to the Cabinet, the decision was made at a Cabinet...

Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...

Kathmandu – The overall financial condition of Nepal’s non-life insurance sector weakened in the last fiscal year, with profits falling sharply due to a surge in flood-related claims. According to the financial statements of 13 listed non-life insurers, aggregate...

Kathmandu – The government is preparing to dismiss Sharad Ojha, chairman of the Nepal Insurance Authority, after an investigation concluded that the documents he submitted at the time of his appointment were fake. A committee formed by the Council...

Kathmandu — The combined net profit of life insurance companies in Nepal fell by 16.01% in the fiscal year 2081/82, according to financial statements published by the insurers. The 14 life insurance companies currently in operation earned a total...

Kathmandu – The net profit of Nepal’s non-life insurance sector fell sharply in the last fiscal year 2081/82, declining by 28.92 percent compared to the previous year. According to the financial statements published by the 14 non-life insurance companies...

Kathmandu — Nepal Life Insurance, the country’s largest life insurer, has reported significant growth in its key financial indicators for the fiscal year 2081/82, with its life insurance fund surging to Rs 233 billion. This marks a notable rise...

Kathmandu – National Life Insurance Company Limited has reported a net profit of Rs 412.8 million in the fourth quarter of the last fiscal year, marking a significant decline of 56.22 percent compared to Rs 942.8 million earned in...