Kathmandu – The Nepal Insurance Authority (NIA) convened a meeting on Tuesday with representatives from life insurance companies, microinsurance providers, and reinsurance firms to discuss strategies aimed at facilitating faster and more efficient insurance claim settlements. The discussions centered...

Kathmandu – IGI Prudential Insurance Limited and Kathmandu National Medical College and Teaching Hospital SB Health Care, Ghattekulo, have signed an agreement to provide cashless hospitalisation services to policyholders. The agreement was formalized by Sharan Regmi, Deputy Chief Executive Officer...

Kathmandu — Himalayan Everest Insurance Limited has taken swift and effective action to settle insurance claims related to damages incurred during the Gen Z protest on Bhadra 23 and 24. The company has simplified the claims process to ensure...

Kathmandu — MetLife, a leading provider of insurance and employee benefits, has announced a three-year global partnership with Global Citizen, the world’s largest movement to end extreme poverty. The collaboration aims to promote financial empowerment, education, and community resilience...

Kathmandu- The government has withdrawn the two additional public holidays granted after the Dashain festival, following the improvement in weather conditions and the receding of floods across the country. According to the decision, the extended leave has been cancelled...

Kathmandu — The recent spell of incessant rain on Ashoj 18 and 19 has brought renewed challenges to Nepal’s insurance sector, which was already under strain following the Gen Z protest on Bhadra 23 and 24. Floods and landslides...

Beijing – China’s once-thriving electric vehicle (EV) insurance sector is turning into a major financial burden for insurers, as claim volumes and repair costs surge far beyond expectations. Industry data show that insurers collectively lost 5.7 billion yuan ($802...

Kathmandu – Non-life insurance companies in Nepal have stepped up efforts to settle unprecedented claims worth over Rs 23 billion arising from the damages caused by the ongoing Gen-Z protest that began on Bhadra 23 (September 8). In an...

Kathmandu – Life insurance and micro life insurance companies in Nepal reported strong business performance in the month of Bhadra of the current fiscal year, with total premium collections amounting to Rs 35.99 billion. According to financial statements released...

Kathmandu. The Nepal Insurance Authority (NIA) has introduced the second amendment to the Insurance Institutional Governance Directive, 2080, enabling insurance companies to contribute to the reconstruction of structures damaged during the Gen-Z protest as part of their social responsibility...