South Korea Rethinks Cyber Insurance as Attacks Surge

Seoul (The Korea Herald) – With cyberattacks on the rise, South Korean insurers are stepping up efforts to expand cyber insurance coverage. Recent high-profile breaches, including at SK Telecom and Seoul Guarantee Insurance (SGI), have exposed major gaps in...


Prabhu Mahalaxmi Life Opens Sale of Over 130,000 Promoter Shares

Kathmandu – Prabhu Mahalaxmi Life Insurance Company Limited has announced the sale of 130,442 units of its promoter shares. The company has opened the sale at a minimum price of Rs 203 per share. The sale is currently open...


Over Rs 850 Million Insurance Claims Filed After Rasuwa Disaster; Himalayan Everest Reports Highest Claim

Kathmandu – In the aftermath of the devastating floods and landslides that struck Rasuwa district on Ashar 23, insurance companies have received claims totaling over Rs 850 million. According to data released by the Nepal Insurance Authority, a total...


Himalayan Life Honors Top Agents at Aarohi Samman Samaroh 2082

Kathmandu – Himalayan Life Insurance Company Limited successfully concluded its annual recognition program, ‘Himalayan Life Aarohi Samman Samaroh 2082’, at Chandragiri Hills Resort, Kathmandu. The event was held to celebrate and honor the company’s top-performing agents for their outstanding...


Nepal Insurance Authority Amends Reinsurance Directive 2080 with Key Regulatory Changes

Kathmandu — The Nepal Insurance Authority has formally amended the Reinsurance Directive 2080, introducing several significant changes aimed at strengthening the regulatory framework for both life and non-life insurers operating in the country. Although the amendment was made on...


Government Plans to Scrap Mandatory Term Life Insurance for Migrant Workers

Kathmandu — The government is moving to eliminate the mandatory term life insurance provision currently required for Nepali workers seeking foreign employment, signaling a major policy shift in the country’s labor migration framework. A new bill prepared by the...


IME Life Insurance Honours Top-Performing Agents at ‘Business Excellence Award Night 2025’ in Pokhara

Kathmandu – IME Life Insurance Company Limited concluded its prestigious Business Excellence Award Night 2025 in a grand ceremony held at Pokhara Grand Hotel, celebrating the outstanding performance of its agents during the fiscal year 2081/82. The event, aimed...


Govt to Standardize Pay and Perks Across Public Corporations Including Insurance Sector

Kathmandu — The Government of Nepal has initiated steps to bring uniformity in the salary structures and service facilities of employees across public corporations, including key regulatory bodies such as the Nepal Insurance Authority. A three-member task force has...


Commercial Banks’ Base Rates Drop Amid Surplus Liquidity and Sluggish Credit Demand

Kathmandu — The base rate of commercial banks in Nepal has been steadily declining over the past year, driven by excess liquidity in the banking system and reduced demand for credit. This has led banks to lower deposit interest...


Approval Delay Continues for Rights Shares of Four Insurance Companies

Kathmandu — Four insurance companies remain stuck in the approval pipeline of the Securities Board of Nepal (SEBON), awaiting permission to issue rights shares despite mounting regulatory pressure to raise their paid-up capital. Prabhu Mahalaxmi Life Insurance, Sanima GIC...