Kathmandu — Rajendra Malla, President of the General Insurance Association of Nepal (GIAN) and outgoing President of the Nepal Chamber of Commerce, has urged the government to create a conducive environment for settling insurance claims and covering expenses related...

Kathmandu – Himalayan Everest Insurance has initiated the process of settling claims for property damages incurred during the recent Gen Z protest. The company announced that it has prioritized a swift payout process to ease the difficulties faced by...

Kathmandu — IGI Prudential Insurance’s share price witnessed a sharp decline after the company received insurance claims totaling around 1.59 billion rupees for damages caused during the recent Gen Z protests. The claims cover 24 separate incidents reported by...

Kathmandu – The initial insurance claims related to the Gen Z protests that began on Monday, Bhadra 23, have reached a staggering Rs 20.7 billion. According to figures released by the Nepal Insurance Authority on Thursday, a total of...

Kathmandu — The Gen Z protests that began on Bhadra 23 has triggered significant financial losses in Gandaki Province, with initial insurance claims amounting to Rs 1.13 billion filed by affected parties. According to the Gandaki office of the...

Kathmandu – Insurance companies have been asked to submit all claims related to damages from the recent Gen Z movement to the Insurance Authority by Ashoj 1. Authorities report that delays in damage assessments have occurred due to arson...

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...