Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – A total of twelve individuals have submitted applications for the post of chairman of the Insurance Authority, the regulatory body overseeing Nepal’s insurance sector. According to the Ministry of Finance, the application process, which concluded on last...

Kathmandu – The Nepal Insurance Authority has intensified its efforts to curb the flow of black money into the insurance sector, particularly through single premium and high-value insurance policies. In response to growing concerns, the Authority is preparing to...

Kathmandu – The surrender of life insurance policies in Nepal has reached a significant figure, with policies worth Rs 7.46 billion being surrendered by the end of the Poush month (mid-January). According to the latest data from the Nepal...

Kathmandu – Non-life insurance companies in Nepal have collectively earned insurance premiums worth Rs 20.88 billion during the second quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. The premium income reflects the...

Kathmandu – Life insurance companies in Nepal earned over NPR 63 billion in renewal insurance premiums in the first six months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies operating in...

Kathmandu – The Professional Insurance Agents Association Nepal (PIAAN) has submitted a set of suggestions to the Nepal Insurance Authority, addressing regulations, facilities, and pressing issues in the insurance sector. The association emphasized the need for attractive packages to...

Kathmandu – Many insurance companies in Nepal are failing to provide crucial information to the Nepal Insurance Authority (NIA) regarding Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), raising concerns about compliance and transparency in the sector. An...

Kathmandu – The Ministry of Finance has received only one application for the position of Chairman of the Nepal Insurance Authority (NIA), despite interest from over a dozen aspirants. Applications can be submitted to the Financial Sector Management and...

Kathmandu – The Nepali stock market witnessed a modest increase on Tuesday, the third trading day of the week, bringing cheer to investors in the insurance sector. Both the Life Insurance and Non-Life Insurance indices closed in the green,...