Kathmandu — The insurance sector provides a stark example of how extensive political interference has weakened Nepal’s financial institutions. Investigations into alleged misconduct by former Insurance Authority Chairman Surya Prasad Silwal, widely criticized by some as one of the...

Kathmandu — Minister for Health and Food Hygiene Nisha Mehta has said that the government is preparing to amend the Health Insurance Act to make the national health insurance program more effective and sustainable. Responding to lawmakers’ questions during...

Kathmandu — In a unique display of goodwill and friendship, the Embassy of Bangladesh in Kathmandu has distributed more than 1,750 kilograms of premium Bangladeshi mangoes among distinguished personalities across Nepal under its annual “Season’s Best Compliments” initiative. The diplomatic...

Kathmandu — The credit rating of Nepal Reinsurance Company Limited has been downgraded. ICRA Nepal has lowered the company’s issuer rating from the earlier ‘Double A Minus’ level to ‘A’. At the same time, the company has been kept...

International — The United States and Iran are expected to sign a landmark Memorandum of Understanding in Switzerland on June 19 that would formally end hostilities between the two countries and open the door to comprehensive negotiations aimed at...

Kathmandu  — The Nepal Insurance Authority has issued letters suspending all chairpersons and directors of insurance companies who have been charged in criminal cases. According to sources, the Insurance Authority sent suspension notices yesterday evening to all chairpersons, directors, and...

Kathmandu — The Insurance Authority has clarified the uncertainty over whether CEOs and employees of insurance companies should be suspended after criminal cases have been formally filed against them. The clarification comes after the Authority decided to suspend CEOs,...

Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by...

Kathmandu — Credit rating agency CARE Ratings Nepal has reaffirmed the issuer rating of Reliable Nepal Life Insurance, maintaining its ‘CARE-NP A- (Issuer)’ rating. The rating indicates that the company provides an adequate degree of safety with respect to...

Kathmandu — Nepal Reinsurance Company has published its financial statements for the second quarter of fiscal year 2025/26. The company had been unable to release its financial statements earlier due to issues related to a disorganized audit process, but...