Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 11,858 units of promoter shares owned by its promoter shareholder, Ram Prasad Acharya. As per regulatory provisions, priority will be given to existing promoter shareholders of the...

Kathmandu – The government has formally dismissed the suspended Chairman of the Nepal Insurance Authority, Sharad Ojha, less than six months after his appointment. According to a source close to the Cabinet, the decision was made at a Cabinet...

Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...

Kathmandu – IME Life Insurance Company Limited celebrated its 8th anniversary with a Prabhat Pheri (morning procession) program in Butwal on Sunday. The event, held as part of the company’s week-long anniversary celebrations, saw enthusiastic participation from employees, agents,...

The Indian government is considering significant reductions in the Goods and Services Tax (GST) on small cars and insurance premiums, a move aimed at boosting consumer spending and providing relief to households. According to government proposals, the GST on...

Kathmandu – Today marks the final day for Nepal Insurance Company Limited’s right share application period, giving shareholders their final chance to participate in the capital expansion. The company had received approval from the Nepal Securities Board to issue...

Kathmandu – The overall financial condition of Nepal’s non-life insurance sector weakened in the last fiscal year, with profits falling sharply due to a surge in flood-related claims. According to the financial statements of 13 listed non-life insurers, aggregate...

Kathmandu – The average solvency ratio of life insurance companies in Nepal stood at 2.14 in the last fiscal year, reflecting a slight decline from 2.17 recorded in the previous year, according to recently published financial statements. Among the...

Kathmandu – The Health Insurance Board has expanded its service network by signing agreements with 22 local levels and 26 hospitals across the country, strengthening access to healthcare under the national insurance scheme. In line with Sub-section 6 of...