Kathmandu – The Nepal Insurance Authority has directed Guardian Micro Life Insurance to halt its plans of issuing 100% right shares, following the company’s controversial move to convene a special general meeting just weeks after its initial public offering...

Kathmandu — IME Life Insurance Company has disbursed over Rs 32 million in insurance claims during the month of Chaitra, FY 2081/82, under 75 insurance policies. According to the company, the payments were made with the objective of delivering...

Kathmandu — The Government of Nepal is preparing to establish an Insurance Information Center (IIC) in a bid to enhance transparency and reduce fraud in the insurance sector. The center will be modelled after the Credit Information Bureau Nepal...

Kathmandu — Nepal Reinsurance Company Limited has announced the appointment of Emil Pradhan as a new member of its board of directors. The decision was made during the company’s board meeting held on Baisakh 2 (April 15). Pradhan steps...

Beijing – The National Healthcare Security Administration (NHSA) has launched an official tip-off service through its WeChat platform, inviting ordinary citizens and institutions to report suspected misuse of medical insurance funds. The system not only empowers whistleblowers but incentivizes...

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...

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...

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...

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...

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...