Minneapolis – Allianz Life Insurance Company of North America has confirmed a significant data breach affecting the majority of its 1.4 million customers. The Minneapolis-based insurer, a subsidiary of Germany’s Allianz SE, reported that a malicious actor accessed personally...

Global commercial insurance pricing dropped by 4% in the second quarter of 2025, marking the fourth consecutive quarterly decline, according to Marsh’s latest Global Insurance Market Index. This decline follows a 3% drop in the first quarter and comes...

Kathmandu – MetLife Nepal, operating in the country as a branch office of the American life insurance company Alico since 2058 BS, is facing criticism for allegedly conducting activities outside the regulatory scope of its insurance license. According to...

Kathmadu — Sanima Reliance Life Insurance Company Limited has recorded a major milestone in its business growth, posting more than Rs 7 billion in total insurance premium income for the fiscal year 2081/82. According to the company, this achievement...

Kathmandu – Himalayan Life Insurance Limited has been awarded an ‘A Plus’ Issuer Rating (IRN A+ (IS)) by Infomerics Credit Rating Nepal Limited, reflecting the company’s strong financial fundamentals and low credit risk. Entities with this rating are regarded...

Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the...

Beijing (Xinhua) — The participation rate of persons with disabilities in China’s basic medical insurance has remained above 95 percent, according to the official data. Cheng Kai, the chairman of the China Disabled Persons’ Federation, stated during a news...

Kathmandu – Sanima Reliance Life Insurance Company has achieved a remarkable business performance in the fiscal year 2081/82, with its agents delivering exceptional results nationwide. Through a combination of strategic training initiatives, motivational programs, and the unwavering dedication of...

New Delhi – The Government of India has appointed Ajay Seth, former Finance Secretary and a seasoned bureaucrat from the 1987 batch of the Indian Administrative Service (IAS), as the new Chairman of the Insurance Regulatory and Development Authority...

Kathmandu — Prabhu Mahalaxmi Life Insurance Company Limited has announced the sale of 45,340 units of promoter shares, following the directive of the Nepal Insurance Authority. The sale includes 44,550 units in the name of promoter shareholder Umesh Lal...