Kathmandu — NECO Insurance Limited has completed the allotment of 43,779.52 units of unsubscribed promoter right shares that remained unclaimed during its 4.1:1 issuance of 5,030,901.155 shares at a par value of NPR 100 per share. The allotment was...

Kathmandu — The total outstanding insurance claim amount of Nepal’s non-life insurance sector has reached Rs 35.79 billion by third quarter of of the current fiscal year. This figure marks a 41.54 percent increase compared to the same period...

Kathmandu — Neco Insurance Limited has successfully allotted its unallocated right shares that were offered to the public through an auction. The shares were made available for bidding at a base price of Rs 100 per share. According to...

Kathmandu — NLG Insurance Company Limited has announced that its 19th Annual General Meeting (AGM) will be held on Jestha 29 (June 12) at 11 AM at Amrapali Banquet, Baluwatar. The decision was made recently during the company’s Board...

Kathmandu – The average solvency ratio of Nepal’s non-life insurance companies has shown a modest improvement in the second quarter of the current fiscal year, reaching 3.28-up from last year’s 2.62. This improvement reflects the overall financial strength of...

Kathmandu — Commemorating the beginning of its 57th year, the Nepal Insurance Authority’s Koshi Province Office organized a large-scale blood donation program in Biratnagar. The event was held under the chief hospitality of Sukdev Mandal, President of the Morang...

Kathmandu — Neco Insurance has emerged as the champion of the men’s futsal tournament organized by the Nepal Insurance Authority to mark its 57th anniversary. The team secured the title after a competitive final match against Sagarmatha Lumbini Insurance....

Kathmandu — Nepal Insurance Authority Chairman Sharad Ojha has called on all stakeholders in the insurance sector—including insurers, agents, employees, and surveyors to work diligently to build and restore credibility among citizens. Speaking today at a Pharabhat Pheri (morning...

Kathmandu – The profitability of Nepal’s non-life insurance sector has taken a significant hit, with companies posting a sharp decline in earnings during the third quarter (Shrawan–Chaitra) of the current fiscal year 2081/82. According to financial disclosures, the cumulative...

Kathmandu – United Ajod Insurance has recorded a sharp decline in profitability in the third quarter of the current fiscal year, with its net profit falling by 57.65% compared to the same period last year. As per the unaudited...