Kathmandu – An ongoing investigation into unauthorised cashback practices has sent shockwaves through Nepal’s non-life insurance industry, with the Insurance Authority intensifying its oversight and aiming to eliminate the practice entirely. Cashback—an illegal incentive offered to secure large insurance...

Kathmandu – The Nepal Insurance and Risk Management Association (NIRMA) celebrated its sixth anniversary by honoring individuals and organizations that have significantly contributed to its growth and success. At a special ceremony held in Kathmandu, the Chairman of Nepal...

Kathmandu – A devastating accident outside Edify International School in Kalanki has left the nation grieving and questioning the unchecked use of unvetted electric vehicles (EVs) in school transport. On Monday afternoon, a brand-new SRM electric microvan—purchased just four...

Kathmandu – Life insurance companies operating in Nepal have paid insurance claims totaling nearly Rs 49 billion by the end of Baisakh (mid-May) month in the current fiscal year, according to the Insurance Authority of Nepal. The cumulative amount...

Kathmandu — The Nepal Insurance Authority held an interactive session on Monday to mark one year since the implementation of the Risk-Based Capital (RBC) framework in the Nepali insurance sector. The event brought together key stakeholders, including CEOs of...

Kathmandu — Serious allegations have emerged against the top leadership of Nepal Reinsurance Company, including CEO Surendra Thapa and Chairman Devraj Dhungana, for reportedly compromising government investment and business stability within the organization. According to a statement issued by...

Kathmandu — Reliable Nepal Life Insurance Limited has successfully concluded its eighth annual general meeting (AGM) today at Amrapali Banquet, Bhatbhateni, Kathmandu. The meeting was held under the chairmanship of the company’s Chairman, Uday Nepali Shrestha. During the AGM,...

Aviation insurance premiums in India are expected to increase by 5–10 percent in the fiscal year 2026/27 (FY27), following a surge in claims stemming from a series of recent aviation accidents, most notably the Air India AI-171 crash in...

Kathmandu — Reinsurance broker companies operating in Nepal are facing operational difficulties due to regulatory limitations that prevent them from accessing foreign currency exchange facilities. The issue stems from current provisions under the Nepal Rastra Bank Act, which allow...

Kathmandu — Outstanding insurance claims of non-life insurance companies in Nepal have surged sharply, with the total pending amount exceeding Rs 30 billion, according to the Nepal Insurance Authority. By the end of Baisakh in the current fiscal year,...