Zurich — Swiss Re has announced the appointment of Bernhard Kaufmann as its next Group Chief Risk Officer (CRO), effective October 1, 2025. He will succeed Patrick Raaflaub, who currently holds the position. Kaufmann brings nearly two decades of...

Kathmandu — Sanima GIC Insurance Limited has issued a notice urging policyholders with long-standing unsettled claims to contact the company at the earliest to receive their claim payments. The company stated that several insurance claims remain pending due to...

South Korea’s motor insurance sector is projected to expand at a steady pace over the next four years, fueled by a surge in electric vehicle (EV) adoption, increased premium rates, and a rebound in vehicle sales. According to industry...

Kathmandu – Trust Micro Insurance Limited has announced its second annual general meeting (AGM), scheduled to take place on Jestha 1 (May 15) at Maharaja Resort in Rupandehi. A key agenda item for the AGM is the proposal to...

Kathmandu — Sagarmatha Lumbini Insurance Company Limited has announced a four-day basic training program for aspiring non-life insurance agents. The training will be held from Baisakh 26 to 29 (May 9 to 12) at the company’s head office in...

As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered...

The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...

Kathmandu – Despite over five decades of insurance practices in Nepal, the country continues to rely heavily on foreign expertise for actuarial valuations, raising concerns over financial sovereignty, data privacy, and regulatory efficiency. Almost 98 percent of actuarial valuations...

Kathmandu – In a move toward greater digital efficiency, Suryajyoti Life Insurance Limited has signed an agreement with Nepal Clearing House Limited (NCHL) to integrate its payment processes with NCHL’s advanced digital infrastructure. With this collaboration, Suryajyoti Life will...

Kathmandu — Liberty Micro Life Insurance Limited has launched a new insurance product, the ‘Guaranteed Growth Plan’, targeting Nepal’s low and middle-income groups. Designed to support long-term financial planning and savings habits, the policy aims to meet the growing...