Kathmandu — The wave of Gen Z-led protests that shook Nepal in last week has left behind more than broken windows and charred storefronts. It has unleashed one of the largest insurance crises the country has faced in recent...

Kathmandu — Sanima GIC Insurance Limited has announced the sale of 580,000 units of promoter shares owned by its promoter shareholders. The company informed that the shares are now open for purchase by both individuals and institutions. Earlier, on...

Kathmandu — The Nepal Insurance Authority (NIA) has initiated discussions with the chief executives of non-life insurance and reinsurance companies, as well as the Insurance Surveyors Association of Nepal, to address challenges in processing insurance claims arising from damages...

Kathmandu — The Gen Z movement, which turned violent after Bhadra 23, has left widespread devastation across the country, with property damage estimated in the billions of rupees. Insurance companies fear that claims could surpass Rs 50 billion, posing...

Kathmandu — NLG Insurance Company Limited has pledged to facilitate the settlement of insurance claims in a simple and accessible manner for victims affected by the Gen Z movement that began on Bhadra 23 in various parts of the...

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to expedite the settlement of claims related to damages caused during the Gen Z protests on Bhadra 23 and 24. Issuing a notice on Thursday, the authority urged insurers...

Kathmandu — The Nepal Insurers’ Association has assured that insurance companies are committed to handling claims smoothly and effectively for policyholders and service recipients affected by the recent disaster. In a press release, the association urged insured individuals and...

Kathmandu – The Oriental Insurance Company has announced that it is fully prepared to settle insurance claims, including large-scale losses, in a simple and efficient manner as the country grapples with widespread disaster-related damages. In a statement, the company expressed...

Kathmandu — Insurance companies are struggling to survey damages caused during the Genji protests, with field assessments currently limited to urgent cases. The Nepal Insurance Authority (NIA) has confirmed that it is holding discussions with insurers to find ways...

Kathmandu — Bhatbhateni Superstore has suffered damages worth billions of rupees during the Gen Z protests last Tuesday, with initial assessments indicating insurance claims of over Rs 2.5 billion falling under IGI Prudential Insurance alone. Out of the 28...