Himalayan Everest Insurance to Hold 31st AGM on March 11

Kathmandu – Himalayan Everest Insurance Limited has announced that its 31st Annual General Meeting (AGM) will be held on Tuesday, March 11, 2025. The board of directors, in a meeting held on February 14, decided to conduct the AGM...


Non-life Insurance Companies in Nepal Owe Rs 9.40 Billion in Net Insurance Claims

Kathmandu – The net insurance claim payment arrears owed by non-life insurance companies in Nepal to the insured have reached Rs 9.40 billion, according to financial statements published by 14 non-life insurance companies operating in the country. The data...


Non-life Insurance Companies in Nepal Owe NPR 39.73 Billion in Claim Payments in Q2

Kathmandu – Fourteen non-life insurance companies in Nepal collectively owe nearly NPR 40 billion in outstanding claim payments, raising serious concerns about the efficiency and oversight of the Nepal Insurance Authority. According to the financial statements published by these...


Non-Life Insurance Companies Report 59.38% Decline in Profit; Sanima GIC Leads Growth Rate

Kathmandu – The combined profit of 14 non-life insurance companies in Nepal has dropped significantly by 59.38% in the second quarter of the current financial year. According to the financial statements published by these companies, their collective net profit...


IGI Prudential Insurance Reports 22.14% Decline in Profit in Second Quarter

Kathmandu – IGI Prudential Insurance Company Limited has published its financial statement for the second quarter of the current financial year, reporting a significant decline in net profit due to reduced income and net insurance premiums. According to the...


United Ajod Insurance Reports Decline in Net Profit in Second Quarter

Kathmandu – United Ajod Insurance Limited has published its financial statement for the second quarter of the current financial year, revealing a significant drop in net profit due to decreased income and net insurance premiums. According to the report,...


Nepal Insurance Reports 82.71% Decline in Profit in Second Quarter of the Current Fiscal Year

Kathmandu – Nepal Insurance Company has published its financial statement for the second quarter of the current financial year, revealing a significant decline in profit despite growth in insurance fee earnings. According to the report, the company’s profit fell...


Neco Insurance Reports 29.48% Decline in Profit Despite Growth in Income

Kathmandu – Neco Insurance has published its financial statements for the second quarter of the current financial year, revealing a notable decline in profit despite an increase in income and insurance fee earnings. According to the report, the company...


Prabhu Insurance Reports Profit Growth Despite Decline in Premium Income

Kathmandu – Prabhu Insurance Company has recorded a profit of Rs 120 million in the first six months of the current fiscal year, reflecting an increase compared to the same period last year. According to the company’s unaudited financial...


Oriental Insurance Reports Loss in Second Quarter of Current Fiscal Year

Kathmandu – Oriental Insurance Company Limited has published its second-quarter financial report for the current fiscal year, revealing a decline in income and profitability. According to the report, the company earned Rs 659.9 million during this period, marking a...