Kathmandu – Nepal’s economy is expected to grow by 4.5 percent in the fiscal year 2024/25, according to the latest projection by the World Bank. This marks an improvement from the estimated 3.9 percent growth in the previous fiscal...

Munich Re The global cyber insurance market is on track to more than double by 2030, according to projections by Munich Re, despite a recent slowdown in premium growth. The reinsurer estimates the market reached $15.3 billion in global...

Kathmandu – Nepal Reinsurance Company Limited has published its financial statements for the fourth quarter of the last fiscal year (2080/81), revealing a decrease in net profit and earnings per share compared to the previous year. Additionally, the company...

Kathmandu – The Bhaktapur Chamber of Commerce and Industry (BCCI), in collaboration with Shikhar Insurance, organized an orientation program aimed at educating industrialists and business owners on the significance of non-life insurance. The event took place on at Hotel...

Kathmandu – The recent Tinkune incident on Chaitra 15 (March 28) has led to insurance claims worth nearly Rs 50 million, according to details released by the Nepal Insurance Authority on Thursday. A total of 11 non-life insurance companies...

Kathmandu – Sanima GIC Insurance Limited successfully concluded its seventh annual general meeting (AGM) at Amritbhog, Kalikasthan, Kathmandu. The meeting, held under the chairmanship of Kunal Kayal, approved several key financial and operational proposals. One of the major decisions...

Kathmandu – IGI Prudential Insurance Limited has announced the sale of 94,797 units of promoter shares currently held by two of its promoter shareholders. The company has stated that only the existing promoter shareholders of IGI Prudential Insurance are...

Kathmandu – The Nepal Insurance Authority organized an interaction and discussion program on insurance with the Sudurpaschim Province government in Dhangadhi, aiming to enhance insurance accessibility and policy formulation in the region. Chief Minister of Sudurpaschim Province, Kamal Bahadur...

Kathmandu – The base rate of commercial banks in Nepal has dropped to a new low, with all 20 operating commercial banks now maintaining a single-digit base rate. This decline is attributed to excess liquidity in banks and financial...

Kathmandu – The Supreme Court has summoned both parties for discussion regarding an interim order in the writ petition challenging the appointment of Sharad Ojha as the Chairman of the Nepal Insurance Authority (NIA), the regulatory body overseeing the...