Kathmandu – On Monday, the NEPSE index rose by 19.97 points, reaching 2,758.04 by the close of trading. The stock market’s performance marked a positive trend, with noticeable gains in the insurance sector. Both the Life Insurance Index and...

Kathmandu – Life insurance companies operating in Nepal have collectively earned Rs 53.69 billion across all seven provinces as of Kartik month this fiscal year. This revenue stems from various insurance categories, including term insurance, advance payment term insurance,...

Kathmandu – Life insurance companies in Nepal have reported significant growth in renewal insurance premiums during the first four months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies collectively earned Rs....

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...

Kathmandu – Non-life insurance companies in Nepal earned a total insurance premium of Rs 2.28 billion in mid-October to mid-November (Kartik), marking an 18.57% increase compared to the same month in the last fiscal year. According to the financial...

Busan – The fifth session of the Intergovernmental Negotiating Committee (INC-5) commenced on November 27, 2024, with an urgent call to accelerate efforts toward a legally binding treaty to combat plastic pollution. With the December 1 deadline approaching, negotiators...

Kathmandu – The Nepal Insurance Authority (NIA) has intensified its oversight of insurance companies following significant discrepancies between their audited and unaudited financial reports. The regulatory body has warned of strict actions, including financial penalties, if differences exceeding 10%...

Kathmandu – Pawan Khadka has been appointed as the new Chief Executive Officer (CEO) of IME Life Insurance Company, following a decision by the company’s board of directors during a meeting yesterday. Khadka, who previously served as the Deputy...

Kathmandu – The Ministry of Agriculture has disbursed Rs 80 million to insurance companies through the Nepal Insurance Authority to subsidize agricultural insurance fees. This allocation is part of the government’s initiative to support farmers and livestock owners by...

Kathmandu – The majority of non-life insurance companies in Nepal have reported a significant decline in profits for the first quarter of the current fiscal year, as revealed in their raw financial statements. This downturn has directly impacted the...