Kathmandu – The Gen Z movement, which escalated violently across the country last week, has inflicted unprecedented material losses on government infrastructure in the capital. Among the hardest-hit areas was Singha Durbar, where a total of 1,042 vehicles belonging...

Traditional market merchants in South Korea will soon have a new form of financial protection against weather-related income losses. KB Sonbo Insurance Co., Ltd. announced it will launch the country’s first “index-based weather insurance” product for merchants next month....

Kathmandu — The wave of Gen Z-led protests that shook Nepal in last week has left behind more than broken windows and charred storefronts. It has unleashed one of the largest insurance crises the country has faced in recent...

A joint analysis by the World Bank and UNICEF has revealed that although the number of children living in extreme poverty worldwide has declined over the past decade, progress has been slow and deeply uneven, leaving hundreds of millions...

Kathmandu — Sanima GIC Insurance Limited has announced the sale of 580,000 units of promoter shares owned by its promoter shareholders. The company informed that the shares are now open for purchase by both individuals and institutions. Earlier, on...

Kathmandu — Citizen Life Insurance Company has introduced a special provision granting up to 100 percent exemption on late fees for lapsed insurance policies, aiming to support policyholders facing difficulties in premium payments. The company stated that, in light...

Kathmandu — The Nepal Insurance Authority (NIA) has initiated discussions with the chief executives of non-life insurance and reinsurance companies, as well as the Insurance Surveyors Association of Nepal, to address challenges in processing insurance claims arising from damages...

Kathmandu — Asian Life Insurance Company has extended the deadline for submitting bids for its auctioned right shares, initially opened from Bhadra 22 (September 7). Investors can now place their bids until Ashoj 5 (September 25), according to a...

Kathmandu — Former Chief Justice Sushila Karki has formally assumed leadership of the interim government, taking the oath of office and secrecy as Prime Minister today. The swearing-in ceremony was held at the President’s Office, where President Ram Chandra...

Kathmandu — The Gen Z movement, which turned violent after Bhadra 23, has left widespread devastation across the country, with property damage estimated in the billions of rupees. Insurance companies fear that claims could surpass Rs 50 billion, posing...