Dr. Laxmi Kant Poudel Appointed CEO of Insurance Institute of Nepal

Kathmandu – Dr. Laxmi Kant Poudel has been appointed as the Chief Executive Officer (CEO) of the Insurance Institute of Nepal (IIN). The position, previously overseen by the Executive Director of the Nepal Insurance Authority, was recently opened for...


Insurance Interaction Program Held in Benighat Rorang Rural Municipality

Kathmandu – The Nepal Insurance Authority successfully conducted an insurance interaction program at Benighat Rorang Rural Municipality in Dhading district, Bagmati Province, on Sunday. The program was attended by Deputy Director Purna Bahadur Thapa, Chairperson Krishna Bahadur Thapaliya, Vice-Chairperson...


Nepal Insurance Authority Begins Monthly Publication ‘Beema Pratibimba’

Kathmandu — In a move aimed at strengthening transparency, accountability, and informed policymaking in Nepal’s insurance landscape, the Nepal Insurance Authority (NIA) has officially commenced the monthly publication of an analytical statistical report titled ‘Beema Pratibimba’ (Insurance Reflection). The...


Banking Offences Top Crime Charts in Nepal, Majority Cases from Kathmandu Valley

Kathmandu – Banking offences have become the most frequently reported crimes in Nepal over the past 10 months, with 11,048 cases recorded since mid-July 2024, according to data from the Nepal Police Headquarters. Alarmingly, nearly 60 per cent of...


LIC India Earns Guinness World Record for Most Life Insurance Policies Sold in 24 Hours

New Delhi – Life Insurance Corporation of India (LIC) has secured a coveted place in the Guinness World Record by setting a new global benchmark for the “Most life insurance policies sold in 24 hours.” On January 20, 2025,...


EU Farmers Lose €28 Billion Annually Due to Extreme Weather

Brussels (Reuters) — Extreme weather events driven by climate change are costing the European Union’s agricultural sector an estimated €28.3 billion annually, according to a new EU-backed analysis. The figure represents nearly 6% of the EU’s yearly crop and...


Nepal Reinsurance Company Invests Rs 22.28 Billion in Third Quarter, Focuses on Bank Term Deposits

Kathmandu — Nepal Reinsurance Company has made a total investment of Rs 22.28 billion in the third quarter of the current fiscal year, with the majority allocated to term deposits in banks and financial institutions, according to data from...


Shikhar Insurance Earns ‘Double A Minus’ Rating, Emerges as Nepal’s Strongest Non-Life Insurer

Kathmandu — Shikhar Insurance Company Ltd. has secured a ‘Double A Minus’ credit rating from ICRA Nepal, marking it as the strongest and most secure non-life insurance company in the country outside of government and foreign investment. According to...


Asian Life Insurance Promotes Awareness Among Students at Janaprakash Bahumukhi Campus

Kathmandu – Asian Life Insurance Company Ltd. Organized an insurance awareness program for undergraduate students of Janaprakash Bahumukhi Campus on today. The event was held under the chairmanship of the company’s manager, Badrinath Poudel, and featured Assistant Campus Chief...


Supreme Court to Hear Nepal Insurance Authority Chairmanship Dispute from 19th Jestha

Kathmandu — The Supreme Court has scheduled a hearing on the eligibility dispute surrounding Sharad Ojha, Chairman of the Nepal Insurance Authority, for 19th Jestha (June 2). A joint bench comprising Chief Justice Prakash Man Singh Raut and Justice...