Zurich (Swiss Re) – Global insured losses from natural catastrophes could surge to $145 billion this year, continuing the long-term annual growth trend of 5–7%, according to the Swiss Re Institute’s latest sigma report. The rise is driven primarily...

Kathmandu – The Nepal Insurance Authority has enforced a new directive under which insurance companies will automatically lose their Group Insurance Fund membership if they fail to issue foreign employment insurance policies for three consecutive months after receiving approval...

Kathmandu – Sharad Ojha, the current Chairman of the Nepal Insurance Authority, may face legal action under the Prevention of Corruption Act 2059 after allegations emerged that he misled the Government of Nepal by submitting false information during his...

Kathmandu – Guardian Micro Life Insurance Limited has reported a net profit of Rs 27.4 million for the third quarter of the current fiscal year, marking a significant leap from just Rs 700,000 in the same period last year....

Kathmandu – Shareholders of Sagarmatha Lumbini Insurance Company Limited (Salico) have until the end of today to secure eligibility for the company’s proposed 15 percent cash dividend. The company will close its shareholder register tomorrow, Baisakh 17 (April 30),...

Kathmandu – Sanima Reliance Life Insurance won the title of the She Strikes Corporate Women’s Cricket Tournament title with a commanding victory over Surya Nepal at Kwality Beach Resort, Sindhuli on Saturday. The two-day competition featured nine corporate teams—Citizens...

Kathmandu – Sun Nepal Life Insurance Company Limited has launched a special scheme offering significant interest discounts on the renewal of expired insurance policies. According to the company, insured individuals can receive up to a 75 percent discount on...

Kathmandu – The Life Insurance Association Nepal (JEBISAN) has officially issued an invitation for proposals from qualified institutions to assist in the implementation of the Nepal Financial Reporting Standard 17 (NFRS 17) for its 14 member companies. The scope...

For decades, Nepal has told its citizens that health is a right. But for millions silently grappling with anxiety, depression, schizophrenia, and other mental health conditions, that promise has often rung hollow. Now, a landmark Supreme Court ruling is...

Kathmandu — The Insurance Institute of Nepal (IIN) is set to organize a basic training program for insurance surveyors. The training will cover key areas including home, property, business and engineering insurance, motor insurance, transport insurance, and aviation insurance,...