Kathmandu – Life insurance companies in Nepal have reported significant growth in renewal insurance premiums during the first four months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies collectively earned Rs....

Kathmandu – Nepal’s life insurance industry has demonstrated remarkable growth, with companies collectively earning over half a billion rupees in premiums by the end of Kartik (mid-November). According to data from the Nepal Insurance Authority, the total premium collection...

Kathmandu – Non-life insurance companies in Nepal have earned insurance premiums amounting to Rs 14.35 billion by the end of the Kartik month (mid-November) in the current fiscal year, offering eight types of insurance policies. The highest revenue came...

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...

Kathmandu – The Nepal Insurance Authority (NIA) has mandated non-life insurance companies to issue policies using real-time software, marking a significant step toward digitizing Nepal’s insurance sector. This initiative, supported by the Ministry of Agriculture and Livestock Development, aims...

Kathmandu – Sagarmatha Lumbini Insurance has been announced as the official insurance partner of Sudurpaschim Royals, a cricket team preparing to compete in the Siddhartha Bank Nepal Premier League (NPL). The tournament is being organized by the Cricket Association...

Kathmandu – Non-life insurance companies in Nepal earned a total insurance premium of Rs 2.28 billion in mid-October to mid-November (Kartik), marking an 18.57% increase compared to the same month in the last fiscal year. According to the financial...

Kathmandu – Pawan Kumar Khadka has officially assumed the role of Chief Executive Officer (CEO) at IME Life Insurance Company. The company’s board of directors finalized his appointment during a meeting on November 28. Khadka, an experienced professional in...

Kathmandu – The non-life insurance sector in Nepal witnessed a growth of 10.74% in total premium income during the first four months of the current fiscal year, earning Rs 14.97 billion by mid-November. This marks a significant increase from...

Kathmandu – Non-life insurance companies in Nepal have collected a total insurance premium of Rs 14.97 billion during the first four months of the current fiscal year, up to mid-November. The data released by the Nepal Insurance Authority, reflects...