Beijing – China’s once-thriving electric vehicle (EV) insurance sector is turning into a major financial burden for insurers, as claim volumes and repair costs surge far beyond expectations. Industry data show that insurers collectively lost 5.7 billion yuan ($802...

Kathmandu – Non-life insurance companies in Nepal have stepped up efforts to settle unprecedented claims worth over Rs 23 billion arising from the damages caused by the ongoing Gen-Z protest that began on Bhadra 23 (September 8). In an...

Kathmandu – Life insurance and micro life insurance companies in Nepal reported strong business performance in the month of Bhadra of the current fiscal year, with total premium collections amounting to Rs 35.99 billion. According to financial statements released...

Kathmandu. The Nepal Insurance Authority (NIA) has introduced the second amendment to the Insurance Institutional Governance Directive, 2080, enabling insurance companies to contribute to the reconstruction of structures damaged during the Gen-Z protest as part of their social responsibility...

Kathmandu – Life insurance companies in Nepal have reported robust growth in new business during the month of Bhadra, with total premiums reaching Rs 3.26 billion, marking a significant increase compared to the previous fiscal year. According to data...

Kathmandu – United Ajod Insurance, operating under the slogan ‘United by Trust’, has emerged as a leading example of customer-focused insurance service in Nepal. Beyond providing traditional insurance, the company positions itself as a reliable partner, supporting policyholders during...

Kathmandu – Shikhar Insurance has announced that it has paid out insurance claims worth nearly Rs 300 million to more than 40 insured clients whose properties were damaged during the Gen-Z protests on Bhadra 23 and 24. The company...

Kathmandu – The newly appointed Chairman of the Nepal Insurance Authority (NIA), Janakraj Sharma, has called on insurers to expedite the settlement of claims arising from the recent Gen-Z protest, which has triggered the largest insurance payout demand in...

Kathmandu — Janakraj Sharma has officially assumed office as the new Chairman of the Nepal Insurance Authority. He took charge immediately after taking the oath of office and secrecy before Finance Minister Rameshwor Khanal today. Sharma was appointed to...

Kathmandu – Praveen Raman Parajuli, Chief Executive Officer of Nepal Life Insurance Company, has been elected as the President of the Life Insuramce Association of Nepal. The decision was made unanimously during the association’s sixth annual general meeting, held...