Kathmandu – Nepal’s insurance sector has emerged as a key area for employment and financial growth, with over 12,000 people currently employed in 37 operating insurance companies. According to the Nepal Insurance Authority, a total of 12,095 employees were...

Kathmandu – The fourth convention of the Professional Insurance Agent Association Nepal, Insurance Committee LIC (Nepal), is set to take place on Chaitra 15 ( March 28) in Janakpur Dham, Madhesh Province. The convention mobilization committee has urged all...

Kathmandu – Sagarmatha Lumbini Insurance Company Limited (Salico) has signed an agreement with the Seti Mahakali Truck Transport Entrepreneurs Association to provide motor insurance services for trucks affiliated with the association. The agreement was signed by Kabi Raj Poudel,...

Kathmandu – A meeting was held between officials of the Nepal Insurance Authority, Life Insurance Association of Nepal, and a team from the Foundation for the Advancement of Life and Insurance in Asia (FALIA), Japan, to discuss the launch...

Kathmandu — Life insurance companies in Nepal have earned NPR 85.61 billion in renewal insurance premiums up to end of Falgun (mid-March) of the current fiscal year, reflecting a 7.20% increase compared to the same period last fiscal year,...

Kathmandu — Life insurance companies in Nepal have collectively earned NPR 109.43 billion in total insurance premiums across all seven provinces as of the end of the month of Falgun (mid-march), according to data released by the Nepal Insurance...

Kathmandu –  Raj Kumar Khadka has been appointed as the Company Secretary of Himalayan Everest Insurance. The decision was made during the  meeting held on Chaitra 11 (March 24). According to the Company,  Khadka’s appointment has been taken effect...

Kathmandu – Shangrila Ply Industry in Dang, Ghorahi Sub-metropolitan City-9, which was severely damaged by a fire, is insured with National Insurance for Rs 350 million. The fire, which broke out around 2 a.m. on Sunday due to an...

Kathmandu – Chandra Bahadur Thapa Chhetri has been appointed as the chairman of the Health Insurance Board. Minister for Health and Population Mohan Bahadur Poudel administered the oath of office and secrecy to Thapa on Tuesday. Before Thapa’s appointment,...

Kathmandu  – The adoption of the artificial intelligence (AI) model DeepSeek by insurance companies in mainland China has the potential to improve operational efficiencies, particularly for small to medium-sized carriers, according to a new commentary from AM Best. While...