Kathmandu — In a landmark decision for Nepal’s insurance industry, the government has announced it will begin insuring public property, a move long demanded by general insurance professionals. The policy shift follows the extensive damage to government structures during...

Kathmandu — The Nepal Insurance Authority has reported that insurance claims linked to the recent Gen Z protest, which began on Bhadra 23, have crossed Rs 23.39 billion. By Ashoj 8, a total of 2,988 claims had been filed...

Kathmandu — The recent destruction of public and private property across the country has once again raised a critical question: how should Nepal manage the risks associated with public assets? While individuals and businesses rely on commercial insurance for...

Kathmandu – Chunky Chhetri, outgoing president of the Nepal Insurers Association and CEO of Sagarmatha Insurance Company, has called for government property to be insured, emphasizing its importance in mitigating financial losses from unforeseen events. Chhetri made the remarks...

Kathmandu – Nepali non-life insurance companies are fully capable of paying claims arising from the recent Gen Z agitation, Nepal Insurance Association (NIA) President Birendra Baidwar has stated. Speaking at a program on the future of economic revival organized...

Kathmandu – Himalayan Guardian Nepal has launched what is being described as the world’s most affordable insurance plan for foreign tourists visiting Nepal, ushering in a new era of tourism safety in the country. Founded under the initiative of...

Kathmandu — The Gen-Z protests that began on Bhadra 23 have inflicted unprecedented damage across Nepal, leading to the highest initial insurance claims ever recorded in the country. According to the Nepal Insurance Authority, as of Ashoj 5, a...

Kathmandu – The initial insurance claims arising from the Gen Z protest that began on Bhadra 23 last month have reached Rs 22.2 billion, according to the Nepal Insurance Authority (NIA). As of Ashoj 5, a total of 2,478...

Kathmandu – Prime Minister Sushila Karki has expressed deep concern over the extensive vandalism and arson that affected the private sector during the recent Gen Z protest, pledging that the government is prepared to assist in its recovery. During...

Kathmandu – The recent protests on Bhadra 23 and 24 caused widespread riots, vandalism, and arson across Nepal, resulting in extensive damage to infrastructure, businesses, trade, and private property. Initial assessments indicate that insurance claims worth billions of rupees...