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,...

Mumbai (ET) — The recent crash of an Air India Boeing 787 Dreamliner near Ahmedabad is expected to result in India’s largest aviation insurance payout in Indian history, with total claims projected to surpass $120 million. The tragic incident,...

Kathmandu — The Nepal Insurance Authority (NIA) convened a high-level discussion with the chairpersons and directors of life insurance companies operating in Nepal, emphasizing the need for stronger governance, accountability, and proactive leadership in the sector. The interaction, held...

Kathmandu – Along with employee dissatisfaction mounting and attrition on the rise, the Nepal Insurance Authority has submitted a proposal to the Ministry of Finance seeking up to a 90 percent increase in service-related benefits for its staff. The...

Kathmandu – Endowment insurance policies have taken the lead in Nepal’s life insurance sector, contributing the largest share of premium collection, according to the latest data published by the Nepal Insurance Authority. As of the end of Baisakh (mid-May)...