Kathmandu – Joint Secretary Sebantak Pokharel has been appointed as the director of Nepal Reinsurance Company. The decision was made during a meeting of the Government of Nepal, chaired by the Prime Minister and the Minister of Finance, on...

Kathmandu – The stock market saw a significant decline on Tuesday, the third trading day of the week. Despite the market’s downturn, Himalayan Reinsurance once again recorded the highest turnover, reaching Rs 1.09 billion. Among other high-turnover stocks, Nepal...

Kathmandu – Guardian Micro Life Insurance continues its bullish run, hitting a positive circuit for the 16th consecutive day. Since the company’s shares began trading on February 9, their value has seen a consistent upward trend. Today, within a...

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...

Kathmandu – United Ajod Insurance Limited has once again urged insured individuals to submit the necessary documents for their agriculture and livestock insurance claims filed last year until July 15, 2024. Despite an earlier notice, the company stated that...

Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Kathmandu – Shikhar Insurance Company Limited has requested insured individuals to submit pending documents for their claim applications filed from December 1, 2024 to February 27, 2025. The company stated that many claims remain unpaid due to incomplete documentation...

Kathmandu – The number of insured individuals seeking intervention from the Nepal Insurance Authority (NIA) has surged as insurance companies struggle to pay claims. Complaints against delayed or denied insurance payouts have been steadily rising, highlighting a growing crisis...

Kathmandu – Himalayan Life Insurance has announced a special discount on interest and penalty fees for renewing expired insurance policies. The offer will be available upto March 13, 2025. According to the company, policyholders can receive up to a...

Kathmandu – Former chairmen of the Nepal Insurance Authority have urged current Chairman Sharad Ojha to uphold the integrity of the regulatory body by resisting political interference and strictly adhering to the law. During a discussion held at the...