Kathmandu — ICRA Nepal has assigned an issuer rating of ‘A-’ to IGI Prudential Insurance and placed it under watch with developing implications, citing a sharp rise in claims from the August 2026 floods. The rating, published on October...

Kathmandu — Fourteen non-life insurance companies collected a combined NPR 9.83 billion in premiums by the end of Bhadra (Aug-Sep) in fiscal year 2026/27, up 20.97% from NPR 8.13 billion during the same period of the previous fiscal year,...

Kathmandu — Fourteen non-life insurance companies collected more than NPR 9.83 billion in total premiums by the end of Aug-Sep in the current fiscal year 2026/27, according to data released by the Nepal Insurance Authority. Sagarmatha Lumbini Insurance led...

Kathmandu — Siddhartha Premier Insurance has begun settling claims for property damage caused by the devastating flood in the Bhotekoshi River on August 26. The insurer made its first payment of NPR 6.4 million to Trishuli Fancy Store in...

Kathmandu — More than 732,000 people in Sudurpashchim Province have enrolled in the health insurance program. According to the Sudurpashchim Provincial Office of the Health Insurance Board, 732,752 people from the province’s nine districts had joined by the end...

Kathmandu — Jag Bahadur Pun of Kalika Municipality-6 wants to insure his beehives, but the conditions imposed by insurance companies have left him unsure whether to do so. Pun began exploring bee insurance after pesticide exposure destroyed 20 of...

Kathmandu — Engineers, construction companies and other technical professionals involved in building construction will face personal liability if accidents occur or structures are weakened by technical errors, negligence or carelessness. A bill drafted to amend the proposed Building Act,...

Kathmandu — Lawmakers have called on the government to introduce mandatory insurance for public infrastructure and to rebuild structures damaged by floods and landslides without delay, citing the repeated loss of lives and property to climate-related disasters across Nepal....

Kathmandu — A proposal to increase compensation for passengers killed in air accidents has sparked discussion over the resulting insurance costs and their potential impact on premiums. The Bill on the Liability of Domestic Airlines, 2026, currently under discussion...

Kathmandu — Insurance companies have started making advance claim payments to policyholders affected by the Bhotekoshi floods following the Nepal Insurance Authority’s introduction of a simplified claims procedure. Non-life insurers have so far paid NPR 6.748 million to policyholders...