Kathmandu — Nepal’s three licensed micro life insurance companies generated a combined gross written premium of NPR 1.21 billion in the last fiscal year, reflecting strong growth in the country’s emerging microinsurance sector. According to industry data, the three...

Kathmandu — The Central Investigation Bureau (CIB) of Nepal Police has arrested Mrigendra Nath Rimal, the suspended Chief Executive Officer of Nepal Micro Insurance, in connection with alleged offences under the Insurance Act, 2022 and the Securities Act, 2007....

Kathmandu — Nepal’s insurance market has long been dominated by products that differ mainly in name while offering largely similar coverage and benefits. That trend, however, is set to shift as several insurers prepare to introduce new products in...

Kathmandu – Nepal’s microfinance sector is coming under increasing financial strain as a growing number of lenders struggle to meet regulatory capital requirements, raising concerns over their ability to sustain future lending. According to data published by the Nepal...

Kathmandu – Nepal Rastra Bank (NRB) has taken regulatory action against six microfinance institutions for violating prudential requirements, with five of them placed under Prompt Corrective Action (PCA) due to inadequate capital adequacy ratios. The institutions placed under PCA...

Kathmandu – Five microinsurance companies whose directors and chief executives have been suspended over insurance and securities-related offences have been instructed to convene Special General Meetings (SGMs) immediately. The Nepal Insurance Authority (NIA) issued the directive after the companies...

Kathmandu — The insurance sector provides a stark example of how extensive political interference has weakened Nepal’s financial institutions. Investigations into alleged misconduct by former Insurance Authority Chairman Surya Prasad Silwal, widely criticized by some as one of the...

Kathmandu — In the first 10 months of fiscal year 2025/26, life and non-life insurance companies have paid out nearly Rs 58 billion in claim settlements. According to data published by the Nepal Insurance Authority for the period up...

Kathmandu — A police investigation has concluded that more than NPR 4 billion was misappropriated from five insurance-related companies, including Himalayan Reinsurance. The investigation has also found that funds collected from insurance operations were diverted and invested in the...

Kathmandu – Nepal’s four micro non-life insurance companies generated a combined Rs 1.10 billion in gross written premiums during the first ten months of fiscal year 2025/26 (up to mid-May 2026), reflecting continued expansion of insurance access in the...