Kathmandu – The Nepal Insurance Authority (NIA) has called on insurance companies to significantly enhance their use of information technology and strengthen data management practices to promote the growth and transparency of the insurance sector. Speaking at a discussion...

Kathmandu – Life insurance companies in Nepal recorded a significant rise in new business in the month of Jestha (mid-May to mid-June), generating Rs 4.16 billion in insurance premiums, including foreign employment insurance. According to data released by the...

Kathmandu — ICRA Nepal has assigned an issuer rating of ‘ICRA NP IR A’ to Sagarmatha Lumbini Insurance Company Limited (Salico), reflecting the company’s strong financial fundamentals and timely debt servicing capabilities. The ‘A’ category rating denotes that Salico...

Aon’s latest midyear 2025 Reinsurance Market Dynamics report has revealed that global reinsurance capital rose to $720 billion by the end of the first quarter, up from $715 billion during the same period in 2024. The report highlights a...

Kathmandu – Investors eyeing the dividend benefits from United Ajod Insurance Limited must purchase shares by the end of trading today, Ashar 18 (July 2), to qualify. The company’s has its book closure on Ashar 19 (July 3) in...

Kathmandu – Himalayan Everest Insurance Limited has issued a public notice urging policyholders to promptly submit pending documents necessary for claim settlements. According to the company, several claim applications submitted over different periods remain incomplete due to missing documentation....

Kathmandu — Concerns are mounting over the Nepal Insurance Authority’s delay in investigating a share conversion controversy involving Salico Insurance, formerly Sagarmatha General Insurance Company. A complaint alleging large-scale irregularities in the conversion of promoter shares into general shares...

Kathmandu —General Insurance Association Nepal (GIAN) has formally requested the Nepal Insurance Authority to address several challenges within the country’s insurance regulatory framework, particularly concerning reinsurance and reserve fund provisions. In a statement issued by the association, concerns were...

Kathmandu — The Nepal Insurance Authority has issued a strong warning to insurance companies following a surge in complaints from policyholders about delays and unfair treatment. In a circular released on Tuesday, the Authority instructed insurers to settle claims...

Kathmandu — Life insurance and microinsurance companies operating across Nepal have collectively generated over Rs 155.15 billion in insurance premiums across all seven provinces by the end of Jestha month, according to data released by the Nepal Insurance Authority....