Kathmandu — The Nepal Insurance Authority has formally paved the way for licensing insurance aggregator companies through newly framed regulations, marking a significant shift in the country’s insurance landscape. Though yet to be published in the Gazette, the move...

Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...

Kathmandu – Siddhartha Premier Insurance Limited has paid out a total of Rs 2.91 billion in insurance claims so far in the current fiscal year 2081/82, settling 11,382 claims across various categories. According to the company, Rs 873.1 million...

Kathmandu – Siddhartha Premier Insurance Limited has been assigned an [ICRANP-IR] A rating by ICRA Nepal, signifying an adequate degree of safety regarding the timely servicing of financial obligations. The rating, regarded as a significant milestone, is a testament...

Tokyo – The Japanese government has initiated a nationwide survey into the usage of its public health insurance system by foreign residents, amid growing political concerns about potential misuse by short-term visitors seeking costly medical treatments. This marks the...

Kathmandu – Neco Insurance Limited has successfully allotted 5,030,901.55 units of right shares issued in a 4:1 ratio from Falgun 8 to Chaitra 14 (February 20 – March 27). The allotment took place on Chaitra 31 (April 13). The...

Kathmandu – Siddhartha Premier Insurance Limited, recently honored with the title of “Non-Life Insurance of the Year 2025,” conducted an insurance promotion program in Rajbiraj, Saptari district to enhance awareness about non-life insurance services. The program aimed to disseminate...

Kathmandu – The Supreme Court has rescheduled the hearing of a writ petition challenging the appointment of the Chairman of the Insurance Authority of Nepal, citing procedural delays. The next hearing has been set for Baisakh 8 (April 21),...

Kathmandu — The post of Governor at Nepal Rastra Bank (NRB) has remained vacant since Chaitra 23 (April 5), raising concerns over procedural delays and legal ambiguities in the appointment process. Despite legal provisions mandating the appointment of a...

Fitch Ratings has downgraded five Chinese insurers following its recent cut to China’s sovereign credit rating, citing reduced expectations of government support and higher exposure to risky assets. The downgraded insurers include China Export & Credit Insurance Corporation, China...