Kathmandu – The Nepal Insurance Authority (NIA) is actively working to enhance insurance accessibility and awareness in rural areas. Targeting local governments, the NIA aims to educate citizens on the benefits and importance of insurance, especially in agriculture and...

Kathmandu – Non-life insurance companies in Nepal have reported claims totaling Rs 12.26 billion due to the recent floods and landslides, according to the Nepal Insurance Authority. A total of 3,529 claims have been filed across 14 non-life insurance...

Kathmandu – Three insurance companies in Nepal are currently operating without a Chief Executive Officer (CEO), highlighting ongoing leadership challenges in the sector. Among them, IME Life has initiated the process to appoint a CEO and has submitted its...

Kathmandu – Nepal Insurance has been announced as the official insurance partner of Lumbini Lions, one of the teams set to compete in the Siddhartha Bank Nepal Premier League (NPL) organized by the Cricket Association of Nepal (CAN). The...

Kathmandu – On Wednesday, the Nepal Stock Exchange (NEPSE) witnessed a notable rise, with the index climbing 38.81 points to close at 2755.47. This significant uptick was fueled by a strong performance in the insurance sector, where the share...

Kathmandu – The Nepal Insurance Authority (NIA) has intensified its oversight of insurance companies following significant discrepancies between their audited and unaudited financial reports. The regulatory body has warned of strict actions, including financial penalties, if differences exceeding 10%...

Kathmandu – NLG Insurance Company Limited has officially launched its rights issue, offering 9.63 million units of shares worth approximately Rs 963.1 million at a face value of Rs 100 per share. The rights issue, which represents 62.56% of...

Kathmandu – The Ministry of Agriculture has disbursed Rs 80 million to insurance companies through the Nepal Insurance Authority to subsidize agricultural insurance fees. This allocation is part of the government’s initiative to support farmers and livestock owners by...

Kathmandu – The majority of non-life insurance companies in Nepal have reported a significant decline in profits for the first quarter of the current fiscal year, as revealed in their raw financial statements. This downturn has directly impacted the...

Kathmandu – In the first quarter of the current financial year, non-life insurance companies in Nepal paid a total of Rs. 4.24 billion in insurance claims. The claims were paid by 14 non-life insurance companies to their insured within...