Kathmandu – Rajendra Malla, President of the Nepal Non-Life Insurance Association and outgoing President of the Nepal Chamber of Commerce, has underscored the critical need for stronger collaboration between the government and the private sector to enhance the performance...

Kathmandu – In the aftermath of the devastating floods and landslides that struck Rasuwa district on Ashar 23, insurance companies have received claims totaling over Rs 850 million. According to data released by the Nepal Insurance Authority, a total...

Kathmandu — The Nepal Insurance Authority has formally amended the Reinsurance Directive 2080, introducing several significant changes aimed at strengthening the regulatory framework for both life and non-life insurers operating in the country. Although the amendment was made on...

Kathmandu — The government is moving to eliminate the mandatory term life insurance provision currently required for Nepali workers seeking foreign employment, signaling a major policy shift in the country’s labor migration framework. A new bill prepared by the...

Kathmandu — The Government of Nepal has initiated steps to bring uniformity in the salary structures and service facilities of employees across public corporations, including key regulatory bodies such as the Nepal Insurance Authority. A three-member task force has...

Kathmandu — Four insurance companies remain stuck in the approval pipeline of the Securities Board of Nepal (SEBON), awaiting permission to issue rights shares despite mounting regulatory pressure to raise their paid-up capital. Prabhu Mahalaxmi Life Insurance, Sanima GIC...

Kathmandu — Nepal Reinsurance Company Limited has announced its decision to issue 100 percent right shares to meet the paid-up capital threshold set by the Nepal Insurance Authority (NIA). The move comes as part of the company’s strategy to...

Kathmandu – Protective Micro Insurance Limited has reported a net profit of Rs. 760,090 in the fourth quarter of the fiscal year 2081/82, a recovery from the net loss of Rs. 1.99 million recorded in the same quarter of...

Kathmandu — The Nepal Insurance Authority organized a high-level stakeholder consultation on Wednesday at its central office in Kupandol, bringing together representatives from non-life insurance companies, reinsurance firms, and the construction sector to address persistent challenges in engineering insurance....

Kathmandu — A writ petition has been filed at the Supreme Court seeking the cancellation of the foreign employment temporary insurance pool introduced by the Insurance Authority. The petition, filed by Advocate Girija Adhikari, challenges the legality of the...