Jeju, Republic of Korea – In a sweeping show of global unity, millions of people across continents marked World Environment Day with a common goal: to end plastic pollution and restore ecosystems. The official ceremony highlighted the urgency of...

Kathmandu — Despite economic challenges and structural hurdles, Nepal’s insurance sector has managed a modest yet notable growth in outreach. According to the latest report by the Nepal Insurance Authority, insurance coverage has increased by 3.83 percent, bringing the...

Kathmandu – The government’s budget for the fiscal year 2082/83 has placed emphasis on health and agricultural insurance programs, while broader reforms in the insurance sector and legislative changes concerning the Nepal Insurance Authority were not addressed. During the...

In a significant step toward climate resilience, VisionFund International (VFI) and IBISA have launched ClimaCash+, an innovative parametric insurance product designed to support low-income communities facing climate-related disasters. Piloted in Kenya in 2024, ClimaCash+ aims to provide fast, simple,...

The skies over Nepal have turned grey earlier than expected this year. The familiar rhythm of monsoon showers has arrived ahead of schedule, prompting concern rather than relief. According to a regional consensus among South Asian meteorologists, Nepal is...

Kathmandu – For over two decades, Bikash Pathak has been a dedicated figure in Nepal’s life insurance landscape, emerging as a trusted protector for thousands across eastern Nepal. Balancing his responsibilities as a grocery store owner and a devoted...

For decades, Nepal has told its citizens that health is a right. But for millions silently grappling with anxiety, depression, schizophrenia, and other mental health conditions, that promise has often rung hollow. Now, a landmark Supreme Court ruling is...

As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered...

The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...

Kathmandu – Despite over five decades of insurance practices in Nepal, the country continues to rely heavily on foreign expertise for actuarial valuations, raising concerns over financial sovereignty, data privacy, and regulatory efficiency. Almost 98 percent of actuarial valuations...