Himalayan Re Directors, Including Resigned Chair Shekhar Golchha, Give “Silence” Response to Regulator

Kathmandu — Directors of Himalayan Re, including former chair Shekhar Golchha, have issued what is being described as a “silence response” to a clarification sought by the Nepal Insurance Authority. About a week ago, the regulator had asked for...


Kathmandu — Shikhar Insurance, a leading player in Nepal’s insurance sector, has achieved a historic milestone by surpassing NPR 5 billion in premium collection. The company reached this mark by the end of the third quarter of the current...


Profit of a Dozen Microfinance Institutions Rises by 49%, Two See Decline

Kathmandu — Out of the 50 microfinance financial institutions listed on the Nepal Stock Exchange, 11 have so far published their financial statements for the third quarter of the current fiscal year 2025/26 (up to mid-April 2026). The disclosed...


Insurance Sector Emerges as a Growing Employer, Coverage Surpasses 50%

Kathmandu — Nepal’s insurance industry is increasingly positioning itself as a strong source of employment. In recent years, the sector has attracted a growing workforce, with more than 12,000 people now directly employed across life, non-life, and micro-insurance companies....


Pandey Removed as Director of Insurance Authority

Kathmandu — A government ordinance issued today has led to the removal of Ganesh Pandey, the only non-staff board director of the Nepal Insurance Authority. Pandey, a former secretary, had been appointed under Section 6(1) of the Insurance Act...


Suryajyoti Life Reports 11% Rise in Profit, Key Financial Indicators Improve

Kathmandu – Suryajyoti Life Insurance Company Limited has released its third-quarter financial results for the current fiscal year, covering the period up to mid-April (end of Chaitra). The report shows broad-based growth across most financial indicators compared to the...


New Surveyor Guidelines Aim to Ensure Fair and Transparent Loss Assessment

Kathmandu — Nepal Insurance Authority has issued the Insurance Surveyor Directive 2026. The directive aims to make the work of surveyors more systematic, competitive, and reliable while ensuring professional integrity, transparency, and accountability in the fair and accurate assessment...


From Confidentiality to Compliance: New Insurance Agent Rules Explained

Kathmandu — Nepal Insurance Authority has issued the Insurance Agent Directive 2026. The directive has been introduced under Section 166 of the Insurance Act 2022 to make the functioning of insurance agents more systematic, professional, transparent, and accountable. Under...


Insurance Authority Registers 120 Complaints in Nine Months, Resolves 118 Cases

Kathmandu — Nepal Insurance Authority, the regulatory body of the insurance sector, has been prioritizing the resolution of insurance-related complaints and dispute petitions. Despite delays in leadership appointments, the authority has recently stepped up efforts to address pending and...


Wealth, Influence, and Allegations: When Will There Be an Investigation into Neco Insurance CEO Ashok Khadka?

Kathmandu — It has come to light that Ashok Kumar Khadka, the CEO of Neco Insurance Company, in which the Government of Nepal holds more than a 21 percent indirect stake, has accumulated enormous wealth worth millions of rupees....