Kathmandu — Nepal Insurance Authority (NIA) has begun consultations with insurance and reinsurance industry stakeholders to expedite the implementation of insurance-related measures announced in the government’s budget for fiscal year 2026/27. The Authority on 30 June held discussions with representatives...

Kathmandu — The German Embassy in Kathmandu has clarified that Germany has not issued any warning to Nepal over the passport procurement case, rejecting media reports suggesting otherwise. In a three-point statement released on Wednesday, the embassy said some reports...

Kathmandu — Nepal’s life and non-life insurance companies settled insurance claims worth nearly Rs. 93 billion during the first 11 months of the current fiscal year 2025/26, while claims amounting to Rs. 49.44 billion remain unpaid, according to the...

Kathmandu — Nepal’s life insurance industry continued to expand its policy loan portfolio during the current fiscal year (2025/26, with total loans issued against life insurance policies exceeding Rs. 97.54 billion by the end of the third quarter. According...

Kathmandu – Motor insurance continued to dominate Nepal’s non-life insurance market during the first 11 months of the current fiscal year, accounting for the largest share of insurers’ total business. Backed by the growing number of vehicles on the...

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 – Rastriya Jeevan beema Company has announced the bonus rate for participating life insurance policies for FY 2026/27, with the declared bonus continuing its downward trend for another consecutive year. Under the newly approved rates, the company will...

Kathmandu – Nepal Insurance Company has been found to be in violation of a key regulatory requirement after failing to maintain an earthquake risk reserve fund, as mandated by the Nepal Insurance Authority. Under the Authority’s directives, all non-life...

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 – Nepal’s non-life insurance industry recorded Rs 4.09 billion in gross written premiums during the period from May 15 to June 14, 2026, according to business statistics published by the Nepal Insurance Authority. The 14 non-life insurers operating...