Beijing/Shanghai (Reuters) – Ping An Insurance (Group) Co of China Ltd has reported a 47.8% increase in net profit for 2024, driven by strong performance in its life and health insurance business as market demand rebounded. The company posted...

Kathmandu – Today is the last day for shareholders of Sanima GIC Insurance Limited to secure their dividend. The company is set its book closure for the seventh annual general meeting (AGM) and dividend distribution on March 21. Only...

Kathmandu – Health and Population Minister Pradeep Poudel has outlined a plan to reform Nepal’s health insurance program with a proposed budget of NPR 40 billion and the implementation of a one-door system to streamline resources and improve service...

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Upper Tamakoshi Hydropower Limited has announced plans to insure its assets and has invited interested insurance companies to submit sealed proposals. The company issued a public notice requesting qualified companies to provide detailed proposals within the specified...

Kathmandu – Reliable Nepal Life Insurance Limited has announced a 100% discount on late fees for renewing expired insurance policies. The company informed that policyholders who have yet to pay their premiums can take advantage of this offer if...

Kathmandu – Suryajyoti Life Insurance has settled insurance claims amounting to Rs 548.2 million up to the month of Falgun (mid-March) of the current financial year. The company processed a total of 1,556 insurance claims during this period. Last...

Munich – German insurance major Allianz SE has announced its decision to exit from its Indian insurance joint ventures with the Bajaj group, following the Indian government’s decision to allow 100% foreign direct investment (FDI) in insurance ventures. Allianz...

Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies,  has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025....