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...

Miami, FL – The Global Insurance Forum (GIF) 2024, hosted by the International Insurance Society (IIS), took place from November 17 to 19 at the Hyatt Regency Miami, bringing together industry leaders, innovators, and policymakers from around the world....

Kathmandu – In the first quarter of the current financial year, non-life insurance companies in Nepal paid a total of Rs. 4.24 billion in insurance claims. The claims were paid by 14 non-life insurance companies to their insured within...

Kathmandu- The Nepal Insurance Authority has directed insurance companies to adopt a standardized format for preparing and publishing financial statements, aiming to ensure consistency and transparency across the industry. Susil Dev Subedi, Director of the Nepal Insurance Authority, informed...