Insurance Authority Warns Agents Against Misleading Promotion

Kathmandu — The Nepal Insurance Authority (NIA) has warned insurance agents and other concerned parties against making false, misleading or exaggerated claims in insurance-related promotions. The Authority said it has received complaints alleging that licensed insurance intermediaries have made...


Rasuwa Flood Victims to Get Up to 50% Advance Insurance Payments

Kathmandu — The government has decided to provide advance insurance claim payments to policyholders affected by the Rasuwa floods based on preliminary damage assessments. The provision was introduced through the ‘Rasuwa Flood Recovery Package’ unveiled by the Ministry of...


Swiss Re Reports 9% Rise in H1 2026 Net Income to USD 2.8 Billion

Zurich — Global reinsurance giant Swiss Re on Thursday reported a 9% year-on-year increase in net income to USD 2.8 billion for the first half of 2026, driven by strong performance across all its business units. The company posted...


Revised Preliminary Insurance Claims from Rasuwa Bhotekoshi Flood Total NPR 13.57 Billion

Kathmandu — Although an earlier report had indicated that insurance claims for damage caused by the devastating flood that swept through Rasuwa’s Bhotekoshi and Trishuli rivers on Bhadra 10 exceeded NPR 25 billion, BeemaPost has prepared revised figures following...


UN Report: World Set to Overshoot 1.5°C, With Himalayan Nations Among the Most at Risk

Nairobi— A new UN report says the planet will almost certainly cross the 1.5°C warming threshold soon, but a narrow path remains to bring temperatures back down if the world acts now. The world is on track to exceed...


Bhotekoshi-Trishuli Floods: Insurance Claims Top NPR 25.87 Billion

Kathmandu — Preliminary insurance claims filed with insurance companies following the floods in the Bhotekoshi and Trishuli rivers on Bhadra 10, 2083, have reached NPR 25.87 billion. According to data compiled by the Nepal Insurance Authority as of Bhadra...


Life Insurers Extend Nearly NPR 95 Billion in Policy Loans

Kathmandu — Life insurance companies operating in Nepal extended a total of NPR 94.78 billion in policy loans to their policyholders during the fourth quarter of fiscal year 2025/26 (2-82/83), according to the latest financial disclosures. The total amount...


Nepali Insurance Companies Pledge Over NPR 53 Million to Prime Minister’s Disaster Relief Fund

Kathmandu — Five of Nepal’s leading life insurance companies have come forward with a combined pledge of more than NPR 53 million to the Prime Minister’s Disaster Relief Fund, established by the Government of Nepal to support rescue, relief,...


Relief Fund Collection Surges to NPR 4.38 Billion Following Bhotekoshi Floods

Kathmandu — Contributions to the Prime Minister’s Disaster Relief Fund have surged following the devastating floods in the Bhotekoshi area, with more than NPR 4.38 billion collected as of Friday evening to support rescue, relief and reconstruction efforts. The...


Reinsurance Requirements Tightened, Insurers Required to Reinsure Based on Risk

Kathmandu — The Nepal Insurance Authority has introduced stricter requirements for insurers’ reinsurance arrangements, requiring them to structure reinsurance based on the nature of risks and their financial capacity. According to the Reinsurance Directive, 2023/24 issued by the Authority,...