Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...

Kathmandu – Life Insurance Corporation (Nepal) Limited has announced a special discount offer for policyholders seeking to renew their lapsed insurance policies. The company made the announcement through a public notice, stating that the discount will be available from...

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on...

Mandalay – The devastating earthquakes that struck central Myanmar last Friday have triggered a humanitarian crisis, with the death toll now surpassing 2,600 and thousands more injured or missing. The 7.7 earthquake affected many areas including Mandalay has already...

Mumbai (Times of India) – Despite regulations requiring health insurance companies to cover mental health treatment, claims for such care in India remain extremely low—accounting for less than 1% of total health insurance claims. This finding, highlighted in the...

Seoul – South Korea’s insurance sector is set to experience a shift in capital regulations as the Financial Supervisory Service (FSS) introduces new capital requirements aimed at reducing the financial burden on insurers while improving capital flexibility and quality....

Bangkok  – Following the recent powerful earthquake that struck several parts of Thailand, including Bangkok, the insurance industry is gearing up to reassess its approach to natural disaster coverage. Insurers are now set to discontinue free earthquake coverage and...

Kathmandu – The Professional Insurance Agents Association Insurer National Life Insurance, has increased its efforts to establish insurance committees across various branch offices in the Sudurpaschim region. As part of this initiative, the Dadeldhura branch committee has been formed...

Kathmandu – A tripartite agreement has been signed between CDSC and Clearing House Limited, Nepal Micro Insurance Company Limited, and Himalayan Investment Banker Limited to facilitate the dematerialization of shares. The agreement was formalized at a program held at...

Kathmandu – Damodar Gautam, the head of the Kushma branch of Reliable Nepal Life Insurance, has tragically passed away in a motorcycle accident while on duty in Annapurna Rural Municipality, Kaski district. Deputy Superintendent of Police and Information Officer...