Washington — Jamaica will receive a full payout of $150 million under its catastrophe insurance with the World Bank following Hurricane Melissa. The payout comes from a catastrophe bond issued in 2024 by the World Bank (IBRD, AAA/Aaa). Third-party...

Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a...

Kathmandu: The profits of national-level development banks have declined sharply in the first quarter of the current fiscal year 2082/83. According to the banks’ financial statements, their combined profits have fallen by 45.2 percent compared to the same period...

Kathmandu – Non-life insurance companies in Nepal have collected a total premium of Rs 12.92 billion in the first quarter of the current fiscal year (FY), according to data released by the Nepal Insurance Authority (NIA). Among the seven...

Kathmandu –  Police have arrested six individuals on charges of fabricating a car accident and submitting false documents to claim insurance from Nepal Micro Insurance Company. According to officials from the District Police Office, those taken into custody include...

Kathmandu – Micro life insurance companies in Nepal have collected a total insurance premium of Rs 247.4 million in the first quarter of the current fiscal year 2082/83, according to data from the Nepal Insurance Authority. Among the three...

Kathmandu – In a first-of-its-kind initiative, Ncell and MetLife Nepal have jointly introduced a new service called “Data along with Life Insurance”, allowing customers to access both mobile data and insurance coverage through a single package. Under this innovative...

Kathmandu – Nepal’s life insurance sector has witnessed steady growth in new business during the first quarter of the current fiscal year 2082/83, collecting a total of Rs 9.54 billion in new premiums by the end of Ashoj, according...

Kathmandu – Life insurance companies in Nepal have collected Rs 39.68 billion in renewal insurance premiums during the first quarter of the current fiscal year 2082/83, marking a significant 20.55% increase compared to the same period last year. According...

Kathmandu – Nepal’s life insurance industry has witnessed a robust 19.84% growth in total premium collection during the first quarter of the current fiscal year 2082/83, according to the Nepal Insurance Authority (NIA). As per data published by the...