Kathmandu – Non-life insurance companies have paid a total of Rs 3.56 billion in claims following the damage caused by the floods and landslides that occurred last September. According to the Nepal Insurance Authority, the claims were settled by...

Kathmandu – The Professional Insurance Agents Association of Nepal Insurer National Life Insurance’s Nepalgunj branch has formed a new branch committee through a large gathering of agents. The event marked with a significant step in strengthening the association’s presence...

Kathmandu – Today marks the last opportunity for shareholders of Sanima Reliance Life Insurance Limited to secure the proposed dividend. The company will close its books tomorrow (March 10) for the purpose of its eighth annual general meeting (AGM)...

Kathmandu – The Nepal Insurance Authority has resumed the online examination application process for insurance agents, which had been suspended since Falgun 13 (February 25).The application process was halted to align with the new provisions introduced under the recently...

Kathmandu – The Securities Board of Nepal (SEBON) is in the final stages of approving the rights issuance of several insurance companies which is worth over Rs 6.3 billion. As per the Nepal Insurance Authority’s directive to increase paid-up...

Kathmandu – The IPO allotment of Nepal Micro Life Insurance Company, originally scheduled for March 6, has been postponed to 7th March, 2025. The allotment process will take place at NIMB Ace Capital Limited, Lazimpat. A total of 1,84,500...

Kathmandu – Insurance agents across Nepal are preparing for protests against the recently approved Insurance Regulation 2081, claiming it curtails their rights. The regulation, passed by the Cabinet on January 11, imposes additional financial burdens on agents, including the...

Kathmandu – The Supreme Court has ruled against Chaudhary Group (CG) in its Rs 580 million insurance claim case related to a fire at CG Electronics Pvt. Ltd. in Satungal. The verdict upholds previous decisions by the Insurance Authority...

Kathmandu – The latest financial reports of Nepal’s non-life insurance companies indicate a stable and improving solvency ratio, a key measure of financial strength and risk-bearing capacity. The average solvency ratio across these companies has risen to 2.67, marking...

Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...