Kathmandu — Nepal’s non-life insurers more than doubled their earthquake premium reserve fund over the past year, strengthening their financial preparedness against seismic risk. However, two of the country’s oldest insurers (Nepal Insurance and Rastriya Beema Company) have yet...

Kathmandu — Nearly a decade has passed since Nepal formally introduced microinsurance, and three years have elapsed since the establishment of specialized microinsurance companies. During this period, the sector has made notable progress in institutional expansion, business growth, and...

Kathmandu — Siddhartha Premier Insurance has retained its ‘A’ issuer rating, with ICRA Nepal reaffirming the company’s strong financial position, risk management capabilities, and ability to meet its policyholder obligations. The rating agency has also removed the insurer from...

Kathmandu — Nepal’s non-life insurance companies collected a total of NPR 51.92 billion in gross written premiums during the last fiscal year by issuing 3.47 million insurance policies. Motor insurance remained the industry’s largest business line, generating NPR 15.49...

Kathmandu — Nepal’s non-life insurance industry posted another year of solid expansion, with the country’s 14 operating non-life insurers generating more than NPR 50.6 billion in gross written premiums during the fiscal year 2025/26. According to the companies’ annual...

Kathmandu — The Supreme Court’s recent ruling on premium-priced initial public offerings (IPOs) is not expected to impose any additional financial burden on the five insurance companies that issued shares at a premium, as the Nepal Insurance Authority had...

Kathmandu — The Supreme Court has raised serious concerns over the regulatory oversight exercised by the Nepal Insurance Authority and the Securities Board of Nepal (SEBON), stating that both institutions failed to discharge their statutory responsibilities in accordance with...

Kathmandu — The Nepal Insurance Authority has directed insurance companies to introduce a digital claims tracking system within the next three months, aiming to make the claims settlement process more transparent, efficient, and customer-friendly. Under the new system, policyholders...

Kathmandu — State-owned Nepal Re-insurance Company Limited has reported a net loss of Rs. 5.84 billion for the third quarter of the last fiscal year, marking a sharp reversal from the profit recorded a year earlier. According to the...

Kathmandu — Nepal’s insurance market has long been dominated by products that differ mainly in name while offering largely similar coverage and benefits. That trend, however, is set to shift as several insurers prepare to introduce new products in...