Kathmandu – Neco Insurance Limited has announced the auction of 225,161.35 units of unallocated right shares starting Friday, offering the public an opportunity to purchase the shares at a minimum price of Rs 100 per unit. The auction includes...

Kathmandu – Nepal and the United Arab Emirates (UAE) are preparing to enhance bilateral cooperation with a focus on labour welfare, educational opportunities, and investment in skill development infrastructure. In a high-level meeting held recently, Minister for Labour, Employment...

Zurich — Swiss Re has announced the appointment of Bernhard Kaufmann as its next Group Chief Risk Officer (CRO), effective October 1, 2025. He will succeed Patrick Raaflaub, who currently holds the position. Kaufmann brings nearly two decades of...

Kathmandu — Sanima GIC Insurance Limited has issued a notice urging policyholders with long-standing unsettled claims to contact the company at the earliest to receive their claim payments. The company stated that several insurance claims remain pending due to...

South Korea’s motor insurance sector is projected to expand at a steady pace over the next four years, fueled by a surge in electric vehicle (EV) adoption, increased premium rates, and a rebound in vehicle sales. According to industry...

Kathmandu – Trust Micro Insurance Limited has announced its second annual general meeting (AGM), scheduled to take place on Jestha 1 (May 15) at Maharaja Resort in Rupandehi. A key agenda item for the AGM is the proposal to...

Kathmandu — Sagarmatha Lumbini Insurance Company Limited has announced a four-day basic training program for aspiring non-life insurance agents. The training will be held from Baisakh 26 to 29 (May 9 to 12) at the company’s head office in...

As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered...

The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...

Kathmandu – Despite over five decades of insurance practices in Nepal, the country continues to rely heavily on foreign expertise for actuarial valuations, raising concerns over financial sovereignty, data privacy, and regulatory efficiency. Almost 98 percent of actuarial valuations...