Beijing – The National Healthcare Security Administration (NHSA) has launched an official tip-off service through its WeChat platform, inviting ordinary citizens and institutions to report suspected misuse of medical insurance funds. The system not only empowers whistleblowers but incentivizes...

Kathmandu — The Independent Power Producers’ Association of Nepal (IPPAN) has called on the Insurance Authority to act on a long-pending agreement aimed at detariffing insurance premiums for hydropower projects. Despite a mutual understanding reached between IPPAN and the...

Kathmandu — The Nepal Insurance Authority has formally paved the way for licensing insurance aggregator companies through newly framed regulations, marking a significant shift in the country’s insurance landscape. Though yet to be published in the Gazette, the move...

Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...

Kathmandu – Siddhartha Premier Insurance Limited has paid out a total of Rs 2.91 billion in insurance claims so far in the current fiscal year 2081/82, settling 11,382 claims across various categories. According to the company, Rs 873.1 million...

Kathmandu – Siddhartha Premier Insurance Limited has been assigned an [ICRANP-IR] A rating by ICRA Nepal, signifying an adequate degree of safety regarding the timely servicing of financial obligations. The rating, regarded as a significant milestone, is a testament...

Tokyo – The Japanese government has initiated a nationwide survey into the usage of its public health insurance system by foreign residents, amid growing political concerns about potential misuse by short-term visitors seeking costly medical treatments. This marks the...

Kathmandu – Neco Insurance Limited has successfully allotted 5,030,901.55 units of right shares issued in a 4:1 ratio from Falgun 8 to Chaitra 14 (February 20 – March 27). The allotment took place on Chaitra 31 (April 13). The...

Kathmandu – Siddhartha Premier Insurance Limited, recently honored with the title of “Non-Life Insurance of the Year 2025,” conducted an insurance promotion program in Rajbiraj, Saptari district to enhance awareness about non-life insurance services. The program aimed to disseminate...

Kathmandu – The Supreme Court has rescheduled the hearing of a writ petition challenging the appointment of the Chairman of the Insurance Authority of Nepal, citing procedural delays. The next hearing has been set for Baisakh 8 (April 21),...