Kathmandu — General Insurance Association of Nepal (GIAN) has urged the Insurance Authority (NIA) to address pressing challenges in the country’s insurance system, emphasizing the need for policy reforms that could enhance investor confidence and improve operational efficiency. In...

As the world continues to grapple with intensifying climate-related disasters, the Swiss Re Institute has reported a marked rise in global insured and economic losses for the first half of 2025, with warnings that the year’s total could exceed...

Kathmandu – The Nepal Insurance Authority has extended the deadline for foreign reinsurance brokers to establish branch or liaison offices in Nepal, granting an additional six months despite non-compliance with earlier directives. The extension allows reinsurance brokers until the...

Kathmandu — The Nepal Insurance Authority has formally amended the Reinsurance Directive 2080, introducing several significant changes aimed at strengthening the regulatory framework for both life and non-life insurers operating in the country. Although the amendment was made on...

Kathmandu — Nepal Reinsurance Company Limited has announced its decision to issue 100 percent right shares to meet the paid-up capital threshold set by the Nepal Insurance Authority (NIA). The move comes as part of the company’s strategy to...

Kathmandu — Mahesh Baral, Joint Secretary at the Ministry of Finance, has been appointed as a director of Nepal Reinsurance Company Limited (Nepal Re). The appointment was made through a Finance Minister-level decision of the Ministry of Finance on...

Global reinsurer Munich Re has announced a strong preliminary net profit of €2.1 billion for the second quarter of 2025—up €500 million year-on-year—driven by low major-loss expenditures in its property and casualty (P&C) reinsurance segment. The German reinsurer also...

Kathmandu — Nepal’s stock market ended the trading week with a remarkable upswing, as the NEPSE index jumped by 75.84 points to close at 2,870.63 on Thursday. The surge marks one of the strongest single-day gains in recent weeks,...

Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Kathmandu – A powerful explosion at the main furnace of Jagdamba Steel, a flagship company under the Shankar Group, has caused damage reportedly worth millions of rupees, prompting serious questions over the insurance and reinsurance arrangements tied to the...