Nepal Reinsurance Company Delays FY 2080/81 Financial Report Amid Accounting Discrepancies

Kathmandu – Nepal Reinsurance Company has been unable to publish its fourth-quarter financial statement for fiscal year 2080/81 after inconsistencies were reportedly found across several accounting records. The delay has drawn the attention of the Insurance Authority, which has...


Laxmi Ghimire Achieves MDRT Target for 2025 and Secures COT Qualification for 2026

Kathmandu – Laxmi Ghimire, an agent of IME Life Insurance Company Limited, has successfully met the annual target set by the Million Dollar Round Table (MDRT) for Nepal in 2025. In addition, she has achieved the prestigious Court of...


Life Insurance Premium Income Rises 12.25% in First Quarter of 2082/83

Kathmandu – All 14 life insurance companies have published their first quarter financial statements for the current fiscal year, revealing a 12.25 percent growth in total life insurance business compared to the same period last fiscal year. By the...


Life Insurance Agents Receive Rs 3.59 Billion in Commission in First Quarter

Kathmandu – Life insurance agents across the country received a total commission of Rs 3.59 billion in the first three months of the current fiscal year, according to the latest industry data. This marks a 10.52 percent increase compared...


Gen-Z Movement Pushes Nepal’s Non-Life Insurers into Heavy Losses in Q1

Kathmandu – The Gen-Z movement on Bhadra 23 and 24 has dealt a significant blow to Nepal’s non-life insurance sector, with most companies reporting steep losses in the first quarter of the current fiscal year. Out of 14 active...


Life Insurance Companies in Nepal Reports 2.51% Net Profit Growth in Q1

Kathmandu –  The net profit of Nepal’s life insurance companies has grown modestly by 2.51 percent during the first three months of the current fiscal year, according to financial statements published by the insurance companies. The 14 life insurance...


Bikram–Bishal Adhikari Set Historic Record at Nepal Life

Kathmandu — Demonstrating an extraordinary level of dedication and sales excellence, Bikram Adhikari and Bishal Adhikari, agency managers of Nepal Life Insurance Company Limited’s Damak branch, have achieved what is being described as a historic milestone in Nepal’s insurance...


Amid rising heat, sustainable cooling can slash emissions and save trillions of dollars

Belém – Amid rising heatwaves and surging cooling demand, adopting sustainable cooling – with a strong focus on passive techniques low-energy and hybrid cooling that combines fans and air conditioners that consume little or no power – could cut...


Siddhartha Premier Insurance Leads in Gen-Z Claim Payments, Disburses Over Rs 1.5 Billion

Kathmandu — Siddhartha Premier Insurance Company Limited has emerged as one of the leading insurers in Nepal for its swift and substantial claim payments following the damages caused by the Gen-Z movement on Bhadra 23 and 24. The company...