Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Kathmandu — In a major policy reform, the Health Insurance Board of Nepal has decided to make health insurance services more accessible and convenient. Starting Shrawan 1 (July 17) of the upcoming fiscal year, insured individuals will be able...

Kathmandu – IME Life Insurance Company Limited has honored Senior Agency Manager Laxmi Ghimire for becoming the first agent to be inducted into the company’s highest recognition tier, the Everest Club, under its club schemes for the fiscal year...

Beijing — China’s insurance industry is on course to nearly double in market value over the next seven years, with projections placing its total worth at USD 1.41 trillion by 2032, according to the latest forecast by Fortune Business...

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has called on its shareholders to promptly claim their unclaimed dividends and IPO distribution amounts that have remained untouched for five years. In a notice issued by the company, it...

Kathmandu – Nepal Insurance Company Limited is set to issue 34.783 percent right shares starting from Shrawan 6, 2082, following approval from the Securities Board of Nepal (SEBON). The company is offering a total of 6,576,967.76 units of right...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 148,600 units of promoter shares, offering the opportunity first to its existing promoter shareholders by regulatory provisions. As per the company’s notice, only existing promoter shareholders are...

Kathmandu – A powerful explosion at the main furnace of Jagdamba Steel, a flagship company under the Shankar Group, has caused damage reportedly worth millions of rupees, prompting serious questions over the insurance and reinsurance arrangements tied to the...

Kathmandu – As part of its ongoing Corporate Social Responsibility (CSR) initiatives, Sanima GIC Insurance Limited has distributed educational and utility materials worth Rs 212,000 to Shree Janajyoti Secondary School located in Panchapuri Municipality-10, Surkhet. In a program held...

Kathmandu – The Nepal Insurance Authority (NIA) convened a high-level discussion and interaction program with key stakeholders from the insurance and reinsurance sector. The program was held at the Marriott Hotel in Kathmandu on Thursday. The event brought together...