Kathmandu – The majority of non-life insurance companies in Nepal have reported a significant decline in profits for the first quarter of the current fiscal year, as revealed in their raw financial statements. This downturn has directly impacted the...

Miami, FL – The Global Insurance Forum (GIF) 2024, hosted by the International Insurance Society (IIS), took place from November 17 to 19 at the Hyatt Regency Miami, bringing together industry leaders, innovators, and policymakers from around the world....

Kathmandu – In the first quarter of the current financial year, non-life insurance companies in Nepal paid a total of Rs. 4.24 billion in insurance claims. The claims were paid by 14 non-life insurance companies to their insured within...

Kathmandu- The Nepal Insurance Authority has directed insurance companies to adopt a standardized format for preparing and publishing financial statements, aiming to ensure consistency and transparency across the industry. Susil Dev Subedi, Director of the Nepal Insurance Authority, informed...

Kathmandu – As Nepal grapples with increasing natural disasters, including floods, landslides, and earthquakes, the need for a robust, inclusive insurance system has never been more pressing. Insurance, as highlighted at the 2024 International Conference on Inclusive Insurance (ICII)...

Kathmandu – Nepal Reinsurance Company marked its 11th anniversary with a grand “Prabhat Feri” program on Wednesday morning. The Wednesday early morning procession, starting from Bhrikutimandap at 7 a.m., wound through prominent city landmarks including Bhadrakali, Dharahara, and Ratnapark,...

Kathmandu – In a significant development, nearly 28,000 policyholders have surrendered life insurance policies valued at NPR 3.82 billion in the first quarter of the current fiscal year 2024/25, according to data from the Nepal Insurance Authority.   The...

Kathmandu – Nepal’s 14 non-life insurance companies collectively reported a 9% increase in total premium earnings period of this F/Y first three months compared to the same period last fiscal year. Total non-life insurance premium increased from 10.44 billion...

Kathmandu – Life insurance companies in Nepal reported a 6.21 percent decrease in first insurance premium earnings in Ashwin compared to Bhadra 2081 (Nepali Calendar), as stated in recent data from the Nepal Insurance Authority. In Ashwin, 14 life...

Kathmandu- Nepal Insurance Authority’s Board of Directors, approved a proposal to revise its staff regulations, introducing changes aimed at enhancing organizational structure and promoting employee growth.   The revised framework will now include two deputy executive director and two...