Kathmandu — In the first 10 months of fiscal year 2025/26, life and non-life insurance companies have paid out nearly Rs 58 billion in claim settlements. According to data published by the Nepal Insurance Authority for the period up...

Kathmandu — A police investigation has concluded that more than NPR 4 billion was misappropriated from five insurance-related companies, including Himalayan Reinsurance. The investigation has also found that funds collected from insurance operations were diverted and invested in the...

Kathmandu — The government’s decision to increase the third-party motor insurance coverage limit is expected to contribute to the growth of Nepal’s non-life insurance sector. While presenting the budget for the upcoming fiscal year, Finance Minister Swarnim Wagle announced...

Kathmandu — The government has doubled the coverage limit for third-party motor insurance as part of the budget for fiscal year 2026/27. Presenting the budget in Parliament, Finance Minister Swarnim Wagle announced a 100 percent increase in the maximum...

Kathmandu – Nepal’s 14 non-life insurance companies paid out more than Rs 19.80 billion in insurance claims by the end of the third quarter of fiscal year 2025/26 (2082/83), marking a 19.91 percent increase compared to the same period...

Kathmandu – Nepal’s non-life insurance industry generated more than Rs 40.29 billion in gross written premiums during the first ten months of fiscal year 2025/26 (2082/83), reflecting continued expansion across the sector. According to data released by the Nepal...

Kathmandu — Sanima GIC Insurance Limited has successfully concluded its eighth Annual General Meeting (AGM). The meeting was held at Nepal Police Club in Pradarshani Marg, Kathmandu. The AGM approved the company’s proposal to distribute a 5 percent bonus...

Kathmandu — Non-life insurance companies in Nepal have significantly expanded their investment in the capital market, increasing their exposure to shares of companies listed across various sectors on the secondary market. According to data provided by the Nepal Insurance...

Kathmandu — Himalayan Everest Insurance has received another significant milestone in financial credibility and business strength as it continues its rapid expansion in Nepal’s non-life insurance sector. Credit rating agency ICRA Nepal has assigned the company an “ICRA NP-IR...

Kathmandu — The government has appointed Sushil Babu Dhakal from the Ministry of Physical Infrastructure and Transport to the board of the Nepal Insurance Authority, less than two weeks after amending the Insurance Act 2022 through an ordinance. Engineer Sushil...