Kathmandu – Non-life insurance companies in Nepal have earned insurance premiums amounting to Rs 14.35 billion by the end of the Kartik month (mid-November) in the current fiscal year, offering eight types of insurance policies. The highest revenue came...

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...

Kathmandu – The Nepal Insurance Authority (NIA) has mandated non-life insurance companies to issue policies using real-time software, marking a significant step toward digitizing Nepal’s insurance sector. This initiative, supported by the Ministry of Agriculture and Livestock Development, aims...

Kathmandu – Sagarmatha Lumbini Insurance has been announced as the official insurance partner of Sudurpaschim Royals, a cricket team preparing to compete in the Siddhartha Bank Nepal Premier League (NPL). The tournament is being organized by the Cricket Association...

Kathmandu – Non-life insurance companies in Nepal earned a total insurance premium of Rs 2.28 billion in mid-October to mid-November (Kartik), marking an 18.57% increase compared to the same month in the last fiscal year. According to the financial...

Kathmandu – Pawan Kumar Khadka has officially assumed the role of Chief Executive Officer (CEO) at IME Life Insurance Company. The company’s board of directors finalized his appointment during a meeting on November 28. Khadka, an experienced professional in...

Kathmandu – The non-life insurance sector in Nepal witnessed a growth of 10.74% in total premium income during the first four months of the current fiscal year, earning Rs 14.97 billion by mid-November. This marks a significant increase from...

Kathmandu – Non-life insurance companies in Nepal have collected a total insurance premium of Rs 14.97 billion during the first four months of the current fiscal year, up to mid-November. The data released by the Nepal Insurance Authority, reflects...

Kathmandu – The Nepal Insurance Authority (NIA) is actively working to enhance insurance accessibility and awareness in rural areas. Targeting local governments, the NIA aims to educate citizens on the benefits and importance of insurance, especially in agriculture and...

Kathmandu – Non-life insurance companies in Nepal have reported claims totaling Rs 12.26 billion due to the recent floods and landslides, according to the Nepal Insurance Authority. A total of 3,529 claims have been filed across 14 non-life insurance...