Kathmandu — Concerns are mounting over the Nepal Insurance Authority’s delay in investigating a share conversion controversy involving Salico Insurance, formerly Sagarmatha General Insurance Company. A complaint alleging large-scale irregularities in the conversion of promoter shares into general shares...

Kathmandu —General Insurance Association Nepal (GIAN) has formally requested the Nepal Insurance Authority to address several challenges within the country’s insurance regulatory framework, particularly concerning reinsurance and reserve fund provisions. In a statement issued by the association, concerns were...

Kathmandu — The Nepal Insurance Authority has issued a strong warning to insurance companies following a surge in complaints from policyholders about delays and unfair treatment. In a circular released on Tuesday, the Authority instructed insurers to settle claims...

Kathmandu, – Non-life insurance companies in Nepal have collected insurance premiums worth Rs 39.88 billion by the end of Jestha (mid-June) of the current fiscal year, largely driven by motor and property insurance policies made mandatory by the government....

Kathmandu – Non-life insurance companies operating in Nepal have collectively earned nearly Rs 4 billion in insurance premiums during the month of Jestha (mid-May to mid-June), reflecting a healthy growth in the general insurance sector. According to the latest...

Kathmandu – Sagarmatha Lumbini Insurance Company Limited has been recognized as the “Best Managed General Insurance Company” at the ninth edition of the NewBiz Conclave and Business Excellence Awards 2025, organized by New Business Age Limited in Kathmandu. The...

Kathmandu – The insurance premium income of non-life insurance companies in Nepal has increased by 7.44% in the first 11 months of the current fiscal year. According to financial data published by the Nepal Insurance Authority, 14 non-life insurance...

Kathmandu – Nepal’s non-life insurance sector has reported impressive earnings, with 14 operating companies collectively generating a total premium income of Rs 39.03 billion in the first eleven months of the current fiscal year. According to the latest data...

Kathmandu – NLG Insurance Company Limited is set to implement an inclusive insurance program in partnership with the United Nations Development Programme (UNDP). The initiative will be carried out under the Inclusive Insurance Innovation Challenge (IIC), a competition aimed...

Kathmandu – NLG Insurance Company Limited has called on its insured clients to complete their pending claim processes for claims submitted up to the end of Chaitra (up to mid-April). The company has announced that several claims remain unsettled...