Kathmandu – A devastating landslide at the Rasuwagadhi checkpoint early this morning has swept away dozens of vehicles, causing widespread damage and triggering insurance claims worth millions of rupees. According to initial reports, a large number of electric and...

Seoul – In response to worsening summer heatwaves, the South Korean government, in partnership with the insurance industry, is set to launch a climate insurance product by 2026 to protect vulnerable outdoor workers. The planned index-based insurance will provide...

Bangkok – Insurance claims in Thailand from the devastating March earthquake centered in Myanmar could soar to 50 billion baht (approximately USD 1.53 billion), according to the Thai General Insurance Association (TGIA). The quake, which struck on March 28,...

Kathmandu — A special one-day interaction and training program focused on insurance journalism was successfully conducted on Monday by the Female Economic Journalist Association (FEJA), in collaboration with the Nepal Insurance Authority (NIA). The event aimed to strengthen the...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has issued a stern warning to provincial and branch heads of insurance companies, stating that strict action will be taken against those who fail to act in the interest of the...

Kathmandu — Insurance companies in Nepal have significantly expanded their claim settlement scope, with non-life insurers in particular showing remarkable growth in the current fiscal year. According to the Nepal Insurance Authority, the total insurance claim payments by both...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has said that action will be taken against insurance companies and surveyors responsible for delaying claim payments. Speaking at an insurance interaction program organized by the Chamber of Industries, Morang in...

Kathmandu – Reliable Nepal Life Insurance Limited has received an improved issuer rating of ‘Care-NP A minus (IS)’ from CARE Ratings Nepal Limited, upgrading from its previous ‘Care-NP BBB+ (IS)’ status. This upgraded rating reflects the company’s strong solvency...

Kathmandu — Nepal Rastra Bank (NRB) Governor Dr. Bishwanath Paudel has stated that the increasing volume of bad loans in the agriculture and small and medium enterprise (SME) sectors has significantly strained the country’s banking and financial institutions. Speaking...

Artificial Intelligence is no longer a distant experiment in the insurance world. From underwriting to disaster management, AI is fundamentally transforming how insurance is designed, delivered, and consumed. Globally, the AI-in-insurance market is projected to surge to over USD...