Kathmandu – The Nepal Insurance Authority has appointed Priti Dev as the new Chief of the Office for its Koshi Province office. The position had remained vacant following the transfer of former office chief Binod Kumar Pokharel. Dev was...

Kathmandu – Nepal’s life insurance companies have seen a significant rise in claim payouts, with all 14 operating life insurance companies disbursing a total of Rs 78.72 billion in the last fiscal year (FY 2081/82). This marks a 19.20...

Kathmandu – Shikhar Insurance has introduced a new health insurance scheme, Shikhar Health Security, plan aimed at addressing rising medical expenses in Nepal. The scheme was formally launched during a program organized at Medicity Hospital on Bhadra 2 (August...

Kathmandu – Sun Nepal Life Insurance Limited has organized a training program on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) to enhance employee capacity and ensure compliance with regulatory standards. The training was facilitated by Subash...

(Reuters) – A cyberattack on U.S. insurance firm Allianz Life in late July compromised the personal data of approximately 1.1 million customers, according to breach notification platform Have I Been Pwned. The company had earlier disclosed that hackers gained...

Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 11,858 units of promoter shares owned by its promoter shareholder, Ram Prasad Acharya. As per regulatory provisions, priority will be given to existing promoter shareholders of the...

Kathmandu – The government has formally dismissed the suspended Chairman of the Nepal Insurance Authority, Sharad Ojha, less than six months after his appointment. According to a source close to the Cabinet, the decision was made at a Cabinet...

Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...

Kathmandu – IME Life Insurance Company Limited celebrated its 8th anniversary with a Prabhat Pheri (morning procession) program in Butwal on Sunday. The event, held as part of the company’s week-long anniversary celebrations, saw enthusiastic participation from employees, agents,...