Kathmandu — Billions of rupees in public investment have been placed at risk as IGI Prudential Insurance Company finds itself embroiled in controversy over its handling of claims related to the recent nationwide protests. Allegations have been raised against...

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for the auction of its undistributed right shares. Initially set to close on Ashoj 5 (September 21), the deadline has now been pushed to Ashoj 8 (September 24),...

Kathmandu — Nepal Reinsurance Company has emerged as the largest company in terms of market capitalization on the Nepal Stock Exchange (NEPSE), overtaking Bishal Bazaar Company. Investor interest in Nepal Reinsurance has remained high despite recent fluctuations in the...

Kathmandu — Rajendra Malla, President of the General Insurance Association of Nepal (GIAN) and outgoing President of the Nepal Chamber of Commerce, has urged the government to create a conducive environment for settling insurance claims and covering expenses related...

Kathmandu – Himalayan Everest Insurance has initiated the process of settling claims for property damages incurred during the recent Gen Z protest. The company announced that it has prioritized a swift payout process to ease the difficulties faced by...

Kathmandu – The Ministry of Finance has formally instructed the Nepal Insurance Authority to prevent Sharad Ojha from continuing in his role as chairman. The directive comes amid ongoing legal and administrative disputes over his appointment. In a letter...

Kathmandu — IGI Prudential Insurance’s share price witnessed a sharp decline after the company received insurance claims totaling around 1.59 billion rupees for damages caused during the recent Gen Z protests. The claims cover 24 separate incidents reported by...

Kathmandu – A wave of rumors in the capital market today suggested that Nepal Reinsurance Company was under financial strain due to the large volume of insurance claims filed following the Gen Z protests. The speculation intensified after the...

Kathmandu – The initial insurance claims related to the Gen Z protests that began on Monday, Bhadra 23, have reached a staggering Rs 20.7 billion. According to figures released by the Nepal Insurance Authority on Thursday, a total of...

Kathmandu — The Gen Z protests that began on Bhadra 23 has triggered significant financial losses in Gandaki Province, with initial insurance claims amounting to Rs 1.13 billion filed by affected parties. According to the Gandaki office of the...