Kathmandu — The Nepal Insurance Authority (NIA) has officially brought into operation a dedicated courtroom at its central office in Kupandol, Lalitpur. The courtroom began functioning from Jestha 21 (5th June), aiming to streamline the hearing and resolution of...

Kathmandu — The Health Insurance Board (HIB) has lost thousands of claim documents submitted by hospitals and health institutions across Nepal due to a server failure. The loss of data has stalled payments worth over Rs 18 billion owed...

Kathmandu — Nepal’s life insurance industry has recorded impressive growth in the first month of the current fiscal year, with 14 active life insurance companies collecting a total premium income of Rs 13.18 billion during the month of Baisakh,...

Kathmandu — In a bid to strengthen its sales force and improve customer engagement, Sanima Reliance Life Insurance recently conducted a two-phase skill development training program for its agents in Dhulikhel and Chitwan. The program held on Jestha 15...

Kathmandu — Himalayan Life Insurance Limited has officially entered its 17th year of operation, marking the milestone with a renewed commitment to delivering higher returns to investors and improved services to policyholders. The company founded on Jestha 22, 2065,...

Kathmandu –  The Asian Development Bank (ADB) has appointed ICIMOD to act as one of three technical implementing partners in a major initiative designed to transform climate and disaster risk reduction in the Hindu Kush Himalaya region. ICIMOD collaborates...

AM Best has upheld its stable outlook on South Korea’s non-life insurance sector, citing improved capital management driven by the country’s evolving solvency standards. The global credit rating agency acknowledged moderate growth in both long-term and general insurance lines,...

Kathmandu — Nepal Reinsurance Company (Nepal Re) Limited has posted a 55.05 percent rise in net profit for the second quarter of the current fiscal year compared to the same period in the previous fiscal year. According to the...

Kathmandu — Nepal Insurance Company Limited has announced that it will close its shareholders’ registration book for one day on Jestha 30 (June 13) to determine eligibility for its upcoming right share issuance. As per the notice, shareholders who...

Beijing (China Daily) – China’s internet-based insurance industry is experiencing strong and consistent growth, with online policy purchases quickly catching up to traditional offline channels, according to a new report released jointly by Yuanbao Inc and the Research Center...