Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...

Kathmandu – United Ajod Insurance Limited has once again urged insured individuals to submit the necessary documents for their agriculture and livestock insurance claims filed last year until July 15, 2024. Despite an earlier notice, the company stated that...

Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Kathmandu – Shikhar Insurance Company Limited has requested insured individuals to submit pending documents for their claim applications filed from December 1, 2024 to February 27, 2025. The company stated that many claims remain unpaid due to incomplete documentation...

Kathmandu – The number of insured individuals seeking intervention from the Nepal Insurance Authority (NIA) has surged as insurance companies struggle to pay claims. Complaints against delayed or denied insurance payouts have been steadily rising, highlighting a growing crisis...

Kathmandu – Former chairmen of the Nepal Insurance Authority have urged current Chairman Sharad Ojha to uphold the integrity of the regulatory body by resisting political interference and strictly adhering to the law. During a discussion held at the...

Kathmandu – Sharad Ojha, the newly appointed chairman of the Nepal Insurance Authority (NIA), is set to meet with former chairpersons of the authority today at 2 pm for a discussion. The meeting aims to gather insights from the...

Kathmandu – The Special Court has acquitted Surya Prasad Silwal, the former chairman of the Nepal Insurance Authority (NIA), in a corruption case related to allegations of submitting false information regarding his age. The court’s decision came during a...

Kathmandu – Himalayan Everest Insurance has announced its Annual General Meeting (AGM) to be held on March 11, 2025 to approve its dividend proposal and discuss key financial matters. The meeting will take place at Baneshwar Anmol Banquet, Shankhamul,...

Reuters Global reinsurance giant Swiss Re has projected approximately $700 million in preliminary claims related to the devastating wildfires in Los Angeles. The firm also estimated that total insured market losses from the disaster could reach $40 billion. Despite...