Kathmandu — Nepal’s non-life insurance industry has witnessed a 6.763 percent growth in business compared to the same period last fiscal year. According to data released by the Nepal Insurance Authority, the total insurance premium collected by non-life insurers...

Kathmandu — Nepal’s non-life insurance companies have collectively earned Rs 35.5 billion in insurance premiums over the first 10 months of the current fiscal year, according to data released by the Insurance Authority. Shikhar Insurance Company collected Rs 4.68...

India is on course to become Asia’s second-largest life insurance market by 2035, overtaking Japan, according to the newly released Allianz Global Insurance Report 2025. The report highlights India’s strong growth trajectory, driven by a projected compound annual growth...

Kathmandu — Life insurance companies operating in Nepal have collectively spent Rs 9.85 billion on agent commissions in the third quarter of the current fiscal year. This marks a 10.27 percent rise compared to the same period last year,...

Kathmandu — A recent directive from the Nepal Insurance Authority (NIA) has raised serious concerns among insurance companies after they were asked to pay hefty fines for failing to comply with regulatory requirements under the Insurance Act. More than...

Kathmandu — The Commission for the Investigation of Abuse of Authority (CIAA) has launched a detailed inquiry into the appointment of Sharad Ojha as Chairman of the Nepal Insurance Authority (NIA) following allegations that he submitted false and misleading...

Kathmandu – Life insurance companies in Nepal have disbursed over Rs 95.02 billion in loans against insurance policies in the third quarter of the current fiscal year, marking a significant 7.32 percent increase compared to the same period last...

Kathmandu — Life and non-life insurance companies in Nepal have collectively disbursed over Rs. 62 billion in claims during the third quarter of the current fiscal year, according to the latest report from the Nepal Insurance Authority. The Authority’s...

In a significant step toward climate resilience, VisionFund International (VFI) and IBISA have launched ClimaCash+, an innovative parametric insurance product designed to support low-income communities facing climate-related disasters. Piloted in Kenya in 2024, ClimaCash+ aims to provide fast, simple,...

Kathmandu – Dr. Laxmi Kant Poudel has been appointed as the Chief Executive Officer (CEO) of the Insurance Institute of Nepal (IIN). The position, previously overseen by the Executive Director of the Nepal Insurance Authority, was recently opened for...