Agency; A catastrophic pair of back-to-back earthquakes, measuring 7.2 and 7.5 magnitude, struck northwest Venezuela in rapid succession on Wednesday evening, causing multiple large structures to collapse in the capital city of Caracas, destroying power lines, and triggering urgent tsunami...

Kathmandu – Questions have been raised about the effectiveness of the Nepal Insurance Authority’s regulatory oversight after it failed to address the leadership vacuum in several insurance companies whose top executives have been suspended amid ongoing investigations. On June...

Kathmandu – Nepal’s life insurance industry continued its upward momentum in the current fiscal year, with renewal premium collections rising by 11.63 percent as of mid-June, according to the latest business statistics released by the Nepal Insurance Authority. Life...

Kathmandu – Nepal’s life insurance companies recorded a 26.31 percent increase in first-year premium income as of mid-June of the fiscal year 2025/26 (2082/83), according to data released by the Nepal Insurance Authority. The country’s 14 life insurers generated...

Kathmandu – Life insurance companies operating in Nepal earned a total insurance premium of NPR 173.50 billion during the first eleven months of fiscal year 2025/26, according to data published by the Nepal Insurance Authority. According to the data,...

Kathmandu – Nepal has once again come under heightened international financial scrutiny. The Financial Action Task Force (FATF), the global intergovernmental body responsible for setting standards to combat money laundering and terrorist financing, has decided to keep Nepal on...

Kathmandu – IME Life Insurance Company Limited has received an upgraded credit rating. CARE Ratings Nepal Limited has raised the company’s issuer rating from ‘BBB+’ to ‘A-’, indicating that the insurer is considered adequately safe in meeting its financial...

Kathmandu — The Asian Development Bank (ADB) has approved a concessional loan of $115 million to improve drinking water supply, sanitation services, and climate resilience in rapidly urbanizing municipalities across Nepal. The financing will be utilized under the Integrated Water...

Kathmandu — Nepal’s non-life insurance companies have continued to strengthen their financial buffers against large-scale disasters, with the combined balance of catastrophe funds maintained by 14 insurers rising to more than NPR 2.20 billion by the May of FY...

Kathmandu — Nepal Rastra Bank (NRB) has issued a new Regulatory Sandbox Directive, allowing innovative financial products and services to be tested in a controlled environment with the aim of promoting innovation in the financial sector. The central bank...