Kathmandu – The recent protests on Bhadra 23 and 24 caused widespread riots, vandalism, and arson across Nepal, resulting in extensive damage to infrastructure, businesses, trade, and private property. Initial assessments indicate that insurance claims worth billions of rupees...

Kathmandu – The Gen Z protest, which began on Monday, Bhadra 23, has resulted in initial insurance claims totaling approximately NPR 21 billion, covering damages reported up to Bhadra 31. The widespread unrest saw police stations and other government...

Kathmandu – Nepal Reinsurance Company, a government-invested reinsurance firm, has commenced the claim settlement process in collaboration with Germany-based Hannover Re following the extensive arson and vandalism during the Gen Z protest on Bhadra 23 and 24. According to...

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...