Kathmandu — Nepal’s non-life insurance business grew by 22.82 percent in the first quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. Non-life insurers collected Rs 15.55 billion in gross premiums by the...

Kathmandu — Fourteen non-life insurance companies collected a total of Rs 15.55 billion in gross premiums during the first quarter of the current fiscal year, covering mid-July to mid-October (Shrawan to Ashoj). The insurers issued a combined 836,074 insurance...

Kathmandu — The Nepal Insurance Authority has taken a new step towards making insurance related to construction projects and infrastructure development more organized, transparent and effective. The Authority has prepared a draft directive on engineering insurance with the aim...

Kathmandu — The government will provide around Rs 2.19 billion in subsidies for crop and livestock insurance in the current fiscal year 2026/27 to reduce risks and losses in the agricultural sector and strengthen farmers’ financial security, according to...

Kathmandu — Insurance companies have paid more than Rs 821.3 million, including advance payments, to settle claims for damage to physical infrastructure, vehicles and other property caused by the devastating floods in the Bhotekoshi and Trishuli rivers in Rasuwa...

Kathmandu — Non-life insurance companies in Nepal will continue providing services during the Dashain holiday, keeping selected branches and service counters open with limited staff to assist policyholders. Most non-life insurers have made arrangements to maintain essential services during...

Kathmandu — Vehicle owners can now obtain or renew insurance without visiting a Transport Management Office in person, following a government decision to simplify administrative procedures. The Department of Transport Management said the change was introduced through an amendment...

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...