Kathmandu — Deposits at banks and financial institutions fell 0.3% (NPR 2.07 billion) to NPR 8.256 trillion in the first month of fiscal year 2083/84 (mid-July to mid-August 2026), according to data released by Nepal Rastra Bank. In the...

Kathmandu — Himalayan Everest Insurance Limited has signed a memorandum of understanding with Kathmandu-based SAIM College to connect students with the insurance industry and provide them with practical knowledge and career opportunities. Under the agreement, students will gain opportunities...

Kathmandu — Preliminary insurance claims for damage caused by floods in the Bhotekoshi and Trishuli rivers have reached around NPR 25.87 billion across 15 non-life insurers. According to claim details received by the Nepal Insurance Authority as of September...

Kathmandu — Insurance companies are preparing to settle small claims from policyholders affected by floods and landslides in Rasuwa and surrounding areas within a month. Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and CEO of Siddhartha Premier...

Kathmandu — The Koshi Provincial Office of the Nepal Insurance Authority and experts from the Japan International Cooperation Agency (JICA) have discussed ways to expand parametric insurance to manage climate and disaster-related risks in Nepal. The discussion focused on...

Kathmandu — The government is preparing to legally guarantee air passengers’ rights and compensation. Minister for Culture, Tourism and Civil Aviation Khadak Raj Paudel said minimum compensation and passenger rights in cases such as flight cancellations, delays and lost...

Kathmandu — The solvency ratio, a key indicator of the financial strength of life insurance companies, has declined significantly since the implementation of the risk-based capital system. An ICRA Nepal report has concluded that the decline reflects the new...

Kathmandu – ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer credit rating from ‘ICRA NP-IR A’ to ‘ICRA NP-IR A-‘, citing the reinsurer’s potentially large exposure to claims from the devastating August 26 flash floods. The company remains...

Kathmandu — ICRA Nepal has reaffirmed Citizen Life Insurance Company Limited’s issuer credit rating at ‘BBB+’ (Triple B Plus), signaling a strong capacity to meet financial obligations on time with a relatively low level of financial risk. The rating agency...

New Delhi — India is hosting the 18th BRICS Summit at Bharat Mandapam this weekend, closing out its 2026 chairmanship year with the unanimous adoption of the New Delhi Declaration 2026. Prime Minister Narendra Modi announced the consensus, saying...