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...

Kathmandu – The Karnali Province meeting of the Professional Insurance Agents Association Insurance Committee, National Life Insurance has successfully concluded. The meeting resulted in the formation of a 21-member committee under the leadership of Rita Kumari Thapa. Shobha Basnet,...

Kathmandu – The World Bank has approved a $150 million financing package for Nepal’s Third Bridges Improvement and Maintenance Program (BIMP-III) to enhance the resilience of the country’s bridge network. The funding initiative aims to strengthen Nepal’s Strategic Road...

Kathmandu – The Koshi Province office of the Nepal Insurance Authority has announced that the life insurance agent examination will be held on Chaitra 20 (April 2). The examination is scheduled to take place on Wednesday from 3:00 PM...

Kathmandu – National Life Insurance Company Limited, Mahendranagar Branch, successfully concluded its Agent Refresher Program 2081 in Mahendranagar, Kanchanpur. The event saw the participation of around six dozen agents and aimed to enhance their professional knowledge and skills. The...

Kathmandu – The total population covered by Kathmandu Insurance has reached 44.17 percent, including term, short-term, and foreign employment life insurance policies. This marks a slight increase from the 43.16 percent coverage recorded during the same period last fiscal...