Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – NLG Insurance Company is set to auction 320,533.22 units of unallocated right shares starting from February 2, 2025. The auction follows the completion of the company’s recent right share issuance, during which a significant portion of the...

Beijing, China – In a significant move to address challenges in the new-energy vehicle (NEV) sector, China has released its first-ever insurance guidelines tailored for NEVs. The guidelines, announced on Friday last week, aim to reduce high insurance premiums,...

Kathmandu – Rajendra Maharjan, Deputy Director of the Nepal Insurance Authority, represented Nepal at the second IFSCA-IRDAI-GIFT IFSC Global Reinsurance Summit held in Mumbai, India, from January 20 to 22, 2025. During the summit, Maharjan highlighted the challenges and...

Kathmandu – According to the data released by Nepal Insurance Authority, Non-life insurance companies in Nepal recorded a total business of Rs 20.88 billion by the end of the Poush month in the current fiscal year, marking a 7.67%...

Kathmandu – Non-life insurance companies in Nepal have collectively earned insurance premiums worth Rs 20.88 billion during the second quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. The premium income reflects the...

Kathmandu – The Professional Insurance Agents Association Nepal (PIAAN) has submitted a set of suggestions to the Nepal Insurance Authority, addressing regulations, facilities, and pressing issues in the insurance sector. The association emphasized the need for attractive packages to...

Kathmandu – Many insurance companies in Nepal are failing to provide crucial information to the Nepal Insurance Authority (NIA) regarding Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), raising concerns about compliance and transparency in the sector. An...

Kathmandu – The Nepali stock market witnessed a modest increase on Tuesday, the third trading day of the week, bringing cheer to investors in the insurance sector. Both the Life Insurance and Non-Life Insurance indices closed in the green,...