Policyholders Surrender Life Insurance Policies worth Rs 3.82 Billion in Q1 of current F/Y

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...


Nepal’s Non-Life Insurers Report 9% Growth in Premiums as Market Expands

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...


Life Insurance Premium Earnings Drops Amid Dashain Festivities

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...


Nepal Insurance Authority Approves Revised Staff Regulations

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...


ICII 2024: Global Insurance Leaders Conclude Discussions on Expanding Inclusive Insurance

Kathmandu- The International Conference on Inclusive Insurance (ICII) 2024, a landmark five-day event focused on enhancing insurance access for underserved populations, wrapped up today after holding 25 sessions over four days. The conference, which saw the participation of over...


International Conference on Inclusive Insurance (ICII) 2024: A Landmark Event in Kathmandu

Kathmandu- The International Conference on Inclusive Insurance (ICII) 2024, organized by the Nepal Insurance Association, Life Insurance Association Nepal, and the Nepal Insurance Authority in collaboration with Munich Re Foundation and the Micro Insurance Network, commenced with great anticipation....


Key Sessions at the Inclusive Insurance Conference Explore Profitable Models, Gender Empowerment, and Innovation

Kathmandu- The International Conference on Inclusive Insurance (ICII) 2024 continues to advance discussions on expanding insurance access for underserved populations, with twelve key sessions taking place on its third day.   The key session highlighted strategies for balancing profitability...


Nepal Insurance Sector to Expand Inclusivity Following International Conference: Chairman Silwal

Kathmandu, Chairman of Nepal Insurance Authority Surya Prasad Silwal expressed optimism that the International Inclusive Insurance Conference will provide a roadmap for making insurance more inclusive across Nepal. Speaking at a press conference organized as the part of the...


International Inclusive Insurance Conference Formally Inaugurated by Vice President Ram Sahaya Yadav

Kathmandu. The highly anticipated five-day International Inclusive Insurance Conference, with over 500 experts and representatives from around the world, was officially inaugurated this morning by Vice President of Nepal Ram Sahay Yadav at a grand ceremony in Kathmandu.  ...


Finance Ministry Approves Controversial O&M Survey for Insurance Authority

Kathmandu, The Ministry of Finance has approved the Organization and Management (O&M) Survey for the Insurance Authority, a move surrounded by controversy. Finance Secretary Ram Prasad Ghimire signed off on the survey under pressure from Finance Minister Bishnu Prasad...