Kathmandu — Nepal Insurance Authority, the regulatory body of the insurance sector, has been prioritizing the resolution of insurance-related complaints and dispute petitions. Despite delays in leadership appointments, the authority has recently stepped up efforts to address pending and...

Kathmandu — It has come to light that Ashok Kumar Khadka, the CEO of Neco Insurance Company, in which the Government of Nepal holds more than a 21 percent indirect stake, has accumulated enormous wealth worth millions of rupees....

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly....

Kathmandu — Nepal’s non-life insurance sector recorded a 13.86% year-on-year increase in premium income, reaching over NPR 36.58 billion by the end of the third quarter of fiscal year 2025/26 (mid-April 2026). The 14 non-life insurers in operation generated...

Kathmandu — Non-life insurance companies have managed to generate a total premium income of NPR 36.58 billion up to the end of Chaitra in the current fiscal year. This is according to the monthly data published by the Nepal...

Kathmandu — After receiving reports that many employees in insurance companies may have submitted fake academic certificates, the Insurance Authority has launched an investigation and is moving ahead with immediate disciplinary action. There have been repeated complaints suggesting that...

Kathmandu – The government led by Balen has decided to expand the jurisdiction of the anti-corruption authority to allow strict investigation of corruption in the private sector. The proposal is included in the draft Anti-Corruption Strategy for 2025 to...

Kathmandu — The Nepal Insurance Authority has approved 21 new insurance policies and 12 new supplementary (rider) contracts by mid-March of the current fiscal year 2025/26. According to the Authority, only life insurance companies have received approvals for rider policies....

Kathmandu — A dispute has intensified between the Nepal Insurance Authority and the Employees Provident Fund (EPF) over cross-shareholding in insurance companies, particularly concerning ownership levels that exceed the regulatory threshold. The issue gained attention after the Auditor General’s...

Kathmandu — The Nepal Insurance Authority has uncovered irregularities while monitoring and investigating more than half a dozen non-life insurance companies. The regulator is preparing to take action against companies found issuing insurance policies at rates that differ from...