Kathmandu – Rena Rijal is set to be appointed as the Deputy Chief Executive Officer (DCEO) of United Ajod Insurance Company. The position has been vacant for the past five months following the departure of former DCEO Naveen Subedi....

Kathmandu – As the second week of the month of Magh draws to a close, the majority of Nepal’s insurance companies have failed to meet the regulatory deadline for submitting their financial statements. According to the Nepal Insurance Authority,...

Kathmandu – The share price of Neco Insurance Company has been adjusted on the Nepal Stock Exchange (NEPSE). The adjustment was made on Tuesday to account for the company’s 25 percent right share issuance. Following the adjustment, the share...

Kathmandu – Non-life insurance companies, including four micro-insurers, have collected over Rs 21.30 billion in insurance premiums by end of the Poush month, according to data released by the Nepal Insurance Authority. The premiums were generated from various policies,...

Kathmandu – Allegations of irregularities have surfaced against Sagarmatha Lumbini Insurance Company (SALICO) regarding the conversion of promoter shares of the then Sagarmatha Insurance Company into general public shares. The process, which was supposed to adhere to the approval...

Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – NLG Insurance Company is set to auction 320,533.22 units of unallocated right shares starting from February 2, 2025. The auction follows the completion of the company’s recent right share issuance, during which a significant portion of the...

Beijing, China – In a significant move to address challenges in the new-energy vehicle (NEV) sector, China has released its first-ever insurance guidelines tailored for NEVs. The guidelines, announced on Friday last week, aim to reduce high insurance premiums,...

Kathmandu – Rajendra Maharjan, Deputy Director of the Nepal Insurance Authority, represented Nepal at the second IFSCA-IRDAI-GIFT IFSC Global Reinsurance Summit held in Mumbai, India, from January 20 to 22, 2025. During the summit, Maharjan highlighted the challenges and...