Nepal Re CEO Files Police Complaint Citing Safety Concerns

Kathmandu – Surendra Thapa, Chief Executive Officer of Nepal Reinsurance Company, has filed a complaint with the Metropolitan Police Complex, Kathmandu, citing concerns for his personal safety. Thapa, who had not been seen at his office for the past...


Government to Insure All Public Property After Gen Z Protest Losses

Kathmandu — In a landmark decision for Nepal’s insurance industry, the government has announced it will begin insuring public property, a move long demanded by general insurance professionals. The policy shift follows the extensive damage to government structures during...


Insurance Claims from Gen Z Protest Exceed Rs 23.39 Billion

Kathmandu — The Nepal Insurance Authority has reported that insurance claims linked to the recent Gen Z protest, which began on Bhadra 23, have crossed Rs 23.39 billion. By Ashoj 8, a total of 2,988 claims had been filed...


Public Property Insurance: Nepal Needs a Dedicated Risk Management Modality

Kathmandu — The recent destruction of public and private property across the country has once again raised a critical question: how should Nepal manage the risks associated with public assets? While individuals and businesses rely on commercial insurance for...


Sanima Reliance Life Celebrates Top-Performing Agents at Club Achievers Event 2082

Kathmandu – Sanima Reliance Life Insurance successfully concluded its Club Achievers Event 2082 at Lemon Tree Premier, Budhanilkantha, Kathmandu, honoring the top-performing insurance agents from branches and sub-branches across the country. The event was graced by the company’s Chairman...


CEO Chhetri Urges Mandatory Insurance for Government Property

Kathmandu – Chunky Chhetri, outgoing president of the Nepal Insurers Association and CEO of Sagarmatha Insurance Company, has called for government property to be insured, emphasizing its importance in mitigating financial losses from unforeseen events. Chhetri made the remarks...


Nepali Non-Life Insurers Capable of Handling Record Claims from Gen Z Agitation, Says NIA President

Kathmandu – Nepali non-life insurance companies are fully capable of paying claims arising from the recent Gen Z agitation, Nepal Insurance Association (NIA) President Birendra Baidwar has stated. Speaking at a program on the future of economic revival organized...


Himalayan Guardian Nepal Launches Affordable Insurance Plans for Foreign Tourists

Kathmandu – Himalayan Guardian Nepal has launched what is being described as the world’s most affordable insurance plan for foreign tourists visiting Nepal, ushering in a new era of tourism safety in the country. Founded under the initiative of...


National Life Insurance Puts 160,000 Promoter Shares on Sale

Kathmandu – National Life Insurance Company Limited has announced the sale of 160,000 units of promoter shares, offering existing promoter shareholders the first opportunity to purchase them. In accordance with directives from the Insurance Authority, the company is initially...


Rise of a New Era, Once-in-a-Century Transformation: Nepal’s Gen Z Protest

In just 48 hours of unrelenting protest, Nepal has entered a new era. The sacrifice of 72 young lives during the “Gen Z Uprising” has shaken the roots of corruption, toppled a deeply entrenched government, and established the first-ever...