Kathmandu – Three insurance companies in Nepal are currently operating without a Chief Executive Officer (CEO), highlighting ongoing leadership challenges in the sector. Among them, IME Life has initiated the process to appoint a CEO and has submitted its...

Busan – The fifth session of the Intergovernmental Negotiating Committee (INC-5) commenced on November 27, 2024, with an urgent call to accelerate efforts toward a legally binding treaty to combat plastic pollution. With the December 1 deadline approaching, negotiators...

Busan – The International Indigenous Peoples’ Forum on Plastics has called for urgent action to address the devastating impact of plastic pollution on Indigenous communities and their territories. In a statement to state parties, the forum emphasized that Indigenous...

Seoul – Seoul faced its heaviest November snowfall in over a century on Wednesday, with over 20 centimeters blanketing parts of the city. The unprecedented weather disrupted transportation, caused numerous accidents, and prompted widespread safety measures. The Korea Meteorological...

Kathmandu – Nepal Insurance has been announced as the official insurance partner of Lumbini Lions, one of the teams set to compete in the Siddhartha Bank Nepal Premier League (NPL) organized by the Cricket Association of Nepal (CAN). The...

Kathmandu – On Wednesday, the Nepal Stock Exchange (NEPSE) witnessed a notable rise, with the index climbing 38.81 points to close at 2755.47. This significant uptick was fueled by a strong performance in the insurance sector, where the share...

Kathmandu – The Nepal Insurance Authority (NIA) has intensified its oversight of insurance companies following significant discrepancies between their audited and unaudited financial reports. The regulatory body has warned of strict actions, including financial penalties, if differences exceeding 10%...

Kathmandu – Life Insurance Corporation (LIC Nepal) has officially opened its right share issue. The right share is being issued at a ratio of 1:0.8845, meaning shareholders will receive 88.45 percent of new shares for every existing share they...

Kathmandu – SuryaJyoti Life Insurance Company Limited has unveiled a new bonus rate for the fiscal year 080/081, as per the insurance valuation report approved by the Nepal Insurance Authority. The revised bonus rates apply to various life insurance...

Kathmandu – As the tenure of Surya Prasad Silwal, Chairman of the Insurance Authority, nears its end, there are growing concerns about the potential distribution of new insurance licenses, particularly in the micro-insurance sector. The distribution of licenses in...