Non-life insurance business is ruled by motor insurance as more than one-third share is covered

Kathmandu : Motor insurance occupies the largest share of the business of non-life insurance companies. Although the business of non-life insurance companies is in more than half a dozen sectors, the share of motor insurance is the highest i.e....


Government provided mandate to earn, 2 billion insurance premiums term of life insurance fee

Kathmandu : The government has made insurance compulsory for ordinary citizens going for foreign employment. Currently, only 10 life insurance companies operating in Nepal are selling foreign employment insurance (MIA). Life insurance companies have earned insurance premiums worth 1...


Non-Life Insurance Company’s Premium Income has decreased compared to Last Fiscal Year

Kathmandu : In the 7 months of the current fiscal year, there has been a decline in the insurance business of non-life insurance companies. Statistics show that the insurance business of the top 6 companies has declined this year...


Motor insurance covers 32% of Non-life insurance business

Kathmandu : Non- life Insurance Companies have earned a total insurance premium of 22 billion 462 million 800 thousand Rupees in 7 months of the current fiscal year 2023/024 A.D, (2079/80). Motor insurance covers a large portion of the...


The general meeting of Shikhar Insurance is going to be held on 9th of Chaitra, What are the main agenda of meeting?

Kathmandu : The 19th Annual General Meeting of Shikhar Insurance Company Limited will be held on Friday, 9th of Chaitra, 2080 B.S (22nd of March, 2024 A.D) in the company’s central office Thapathali, Kathmandu at 11 am. This decision...


General meeting of United AJOD Insurance was held where dividend was passed and five directors were elected

Kathmandu : United AJOD Insurance Company has completed its 30th Annual General Meeting. The meeting was held in Anmol Banquet Kathmandu. The company has passed the financial statement for the financial year 2024/024 A.D (2079/80 B.S) in the annual...


Selection of 20 Chartered Accountants Companies by the Authority to enhance audit quality of insurance companies

Kathmandu : Nepal Insurance Authority has selected 20 chartered accountants companies in the examination taken to improve the audit quality of insurance companies. According to the sealed proposal published by the Insurance Authority on 11th of December, 2023 A.D...


Most of the insurance companies in NEPSE classification are in ‘G’ and ‘Z’, Nepal Insurance is only in group ‘A’.

Kathmandu : Nepal Stock Exchange (NEPSE) has published the classification of listed companies. According to public information, there are 31 companies in ‘A’, 35 in ‘B’, 70 in ‘G’ and 135 in ‘Z’ category. Among the insurance companies, only...


In collective farming, farmers now have to pay for accident insurance separately, The time period has been reduced

Kathmandu : In collective farming, now farmers have to pay separate accident insurance. The Nepal Insurance Authority has issued 8-point instructions regarding accident insurance and has arranged that the accident insurance of collective farming where farmers should purchase insurance...


Nepal Reinsurance Company will sell 3.5 million shares of 4 founders

Kathmandu : Nepal Reinsurance Company is going to sell 3.5 million shares. The company is going to sell 35 lakh 87 thousand 434 shares owned by the four founding shareholders from the 8th February. 2 million shares owned by...