IPPAN Presses Insurance Authority to Enforce Detariff Agreement for Hydropower Projects

Kathmandu — The Independent Power Producers’ Association of Nepal (IPPAN) has called on the Insurance Authority to act on a long-pending agreement aimed at detariffing insurance premiums for hydropower projects. Despite a mutual understanding reached between IPPAN and the...


Nepal Opens Door to Insurance Aggregator Companies, Stirring Debate Among Agents

Kathmandu — The Nepal Insurance Authority has formally paved the way for licensing insurance aggregator companies through newly framed regulations, marking a significant shift in the country’s insurance landscape. Though yet to be published in the Gazette, the move...


Delays in Claim Settlements Raises Concern in Bangladesh’s Non-Life Insurance Sector

Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...


Siddhartha Premier Insurance Pays Rs 2.91 Billion in Claims in Current Fiscal Year

Kathmandu – Siddhartha Premier Insurance Limited has paid out a total of Rs 2.91 billion in insurance claims so far in the current fiscal year 2081/82, settling 11,382 claims across various categories. According to the company, Rs 873.1 million...


Siddhartha Premier Insurance Assigned [ICRANP-IR] A Rating by ICRA Nepal

Kathmandu – Siddhartha Premier Insurance Limited has been assigned an [ICRANP-IR] A rating by ICRA Nepal, signifying an adequate degree of safety regarding the timely servicing of financial obligations. The rating, regarded as a significant milestone, is a testament...


Japan Probes Medical Insurance for Foreigner’s Amid Growing Concerns About it’s Misuse

Tokyo – The Japanese government has initiated a nationwide survey into the usage of its public health insurance system by foreign residents, amid growing political concerns about potential misuse by short-term visitors seeking costly medical treatments. This marks the...


Neco Insurance Allots Over 5 Million Right Shares, Unsold Units Headed for Auction

Kathmandu – Neco Insurance Limited has successfully allotted 5,030,901.55 units of right shares issued in a 4:1 ratio from Falgun 8 to Chaitra 14 (February 20 – March 27). The allotment took place on Chaitra 31 (April 13). The...


Siddhartha Premier Insurance Organizes Awareness Program in Rajbiraj

Kathmandu – Siddhartha Premier Insurance Limited, recently honored with the title of “Non-Life Insurance of the Year 2025,” conducted an insurance promotion program in Rajbiraj, Saptari district to enhance awareness about non-life insurance services. The program aimed to disseminate...


Supreme Court Postpones Hearing on Legitimacy of Insurance Authority Chairman’s Appointment

Kathmandu – The Supreme Court has rescheduled the hearing of a writ petition challenging the appointment of the Chairman of the Insurance Authority of Nepal, citing procedural delays. The next hearing has been set for Baisakh 8 (April 21),...


NRB Governer Appointment Delayed As Court Reviews Insurance Authority Chairman’s Case

Kathmandu — The post of Governor at Nepal Rastra Bank (NRB) has remained vacant since Chaitra 23 (April 5), raising concerns over procedural delays and legal ambiguities in the appointment process. Despite legal provisions mandating the appointment of a...