Kathmandu — Life insurance companies in Nepal have collectively invested close to Rs 800 billion, with Nepal Life Insurance leading the sector by a wide margin. According to the financial statements released by the Nepal Insurance Authority, the 14...

Kathmandu — The Nepal Insurance Authority (NIA) has placed two government-owned insurers — Rastriya Jeevan Beema Company and Rastriya Beema Company — under close regulatory surveillance following the discovery of serious irregularities in their financial accounts. According to the...

Hongkong (Reuters) — Shares of China Taiping Insurance Holdings (0966.HK) fell sharply on Thursday amid concerns that the company faces more than $200 million in insurance exposure linked to a massive fire at a residential complex in Tai Po,...

Kathmandu — A review has shown that Himalayan Everest Insurance returned a portion of an insurance fee collected from Labim Mall in Lalitpur by categorizing it as advertising expenditure. The company had charged around Rs. 3 million in insurance...

Kathmandu — The Nepal Insurance Authority and Tribhuvan University’s Central Department of Statistics havae signed a Memorandum of Understanding (MoU) aimed at developing a collaborative framework for insurance-related research and academic exchange. The agreement was signed today at the...

Kathmandu — ICRA Nepal has removed the negative watch placed earlier on United Ajod Insurance Limited and has maintained the company’s issuer rating at the existing ‘Triple Plus’ level. According to the rating update, the assessment reflects a medium...

Kathmandu – UN Environment Programme (UNEP) Executive Director Inger Andersen said the closing of COP30 in Belém demonstrated that the Paris Agreement is functioning and delivering results, even amid global geopolitical tensions. Andersen highlighted several key outcomes of this...

Kathmandu – All 14 non-life insurance companies operating in Nepal have published their first-quarter financial statements for the current fiscal year, reporting a combined net premium income of Rs 3.65 billion. This marks a 14.13 percent increase compared to...

Kathmandu – The government has initiated the process of insuring vehicles two months after announcing a plan to insure public property. The Ministry of Finance has begun the first phase by insuring 20 vehicles under its fleet. The decision...

Kathmandu – The MDRT Global Conference, a major annual event for insurance agents worldwide, has revised its business targets for the upcoming year. The conference has increased this year’s participation target by 18 percent compared to last year. Insurance...