Kathmandu – Nepal Professionals Society (NIPS) Lumbini Chapter organized a farewell and welcome program for the outgoing and incoming Lumbini Region Chiefs of Nepal Insurance Authority (NIA). The event marked the farewell of Purna Bahadur Thapa, who served as...

Kathmandu – Nepal Insurance Authority (NIA) and the Royal Monetary Authority (RMA) of Bhutan have agreed to strengthen bilateral cooperation and exchange of expertise in the insurance sector. The discussions took place during a meeting between Sharad Ojha, Chairman...

Kathmandu – Nepal Reinsurance Company Limited has announced plans to invest in term deposits using its investable funds in both Nepali and American dollars. The company has invited financial institutions in categories A, B, and C, licensed by Nepal...

Kathmandu – The Nepal Insurance Authority has introduced a new framework to simplify and streamline the foreign exchange settlement process for reinsurance purposes. The new guidelines mandate non-life insurance companies to submit the required documents for foreign currency exchange....

Beijing/Shanghai (Reuters) – Ping An Insurance (Group) Co of China Ltd has reported a 47.8% increase in net profit for 2024, driven by strong performance in its life and health insurance business as market demand rebounded. The company posted...

Kathmandu – Today is the last day for shareholders of Sanima GIC Insurance Limited to secure their dividend. The company is set its book closure for the seventh annual general meeting (AGM) and dividend distribution on March 21. Only...

Kathmandu – Health and Population Minister Pradeep Poudel has outlined a plan to reform Nepal’s health insurance program with a proposed budget of NPR 40 billion and the implementation of a one-door system to streamline resources and improve service...

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Upper Tamakoshi Hydropower Limited has announced plans to insure its assets and has invited interested insurance companies to submit sealed proposals. The company issued a public notice requesting qualified companies to provide detailed proposals within the specified...