Kathmandu – The Nepal Insurance Authority (NIA) and the Actuarial Society of Nepal (ASN) have signed a memorandum of understanding (MoU) to enhance cooperation in actuarial science, marking a significant milestone for Nepal’s insurance sector. The MoU was signed...

Kathmandu – Non-life insurance companies in Nepal have paid a total of NPR 617 million for claims related to the devastating floods and landslides of last September. According to data from the Nepal Insurance Authority, this represents settlements for...

Kathmandu – The MetLife Foundation has extended its Community Impact Grant Program (CIGP) to Nepal, supporting non-profit organizations that address pressing challenges in underserved communities. Three organizations working in the fields of hunger relief, housing, and environmental sustainability have...

Kathmandu – Floods across Nepal have resulted in insurance claims amounting to NPR 11.82 billion, according to data released by the Nepal Insurance Authority as of November 13. A total of 3,418 claims have been filed across 14 non-life...

Kathmandu- The Nepal Insurance Authority has directed insurance companies to adopt a standardized format for preparing and publishing financial statements, aiming to ensure consistency and transparency across the industry. Susil Dev Subedi, Director of the Nepal Insurance Authority, informed...

Kathmandu – The Nepal Insurance Authority (NIA) has introduced stricter guidelines for dividend distribution among insurance companies, mandating additional compliance measures before approving dividends. Under these new regulations, insurance companies must meet updated standards, including submitting an audit report...

Kathmandu – Rastriya Beema Company Limited (RBCL), a government-supported insurer, is drawing criticism for delays in processing claims filed by victims of recent floods and landslides. Despite instructions from government and regulatory authorities to expedite relief, no claims have...

Kathmandu – Insurance companies in Nepal have disbursed a total of NPR 471.1 million to policyholders affected by severe flooding on September 27 and 28. Leading the charge, Shikhar Insurance has paid NPR 251.9 million, accounting for over half...

Kathmandu – The Nepal Insurance Authority has issued a revised circular updating the format for quarterly financial statements for all life and non-life insurance company. The updated guidelines aim to provide clearer, standardized financial disclosures across the insurance sector,...

Kathmandu – Ram Bahadur Oli, a central member of the Professional Insurance Agents Association of Nepal and senior agency manager of Nepal Life Insurance Company has passed away. He was a prominent figure in Nepal’s insurance sector, recognized for...