Kathmandu – Himalayan Reinsurance Company which had recently published its financial statement for the second quarter of the current fiscal year, revealed an increase in profit along with positive growth across key financial indicators. The company reported a net...

Kathmandu – The Nepal Insurers Association has extended its congratulations to Sushil Dev Subedi on being recommended as the new Executive Director of the Nepal Insurance Authority. The association expressed its best wishes for his successful tenure. On Thursday,...

Kathmandu – As the second week of the month of Magh draws to a close, the majority of Nepal’s insurance companies have failed to meet the regulatory deadline for submitting their financial statements. According to the Nepal Insurance Authority,...

Kathmandu – The Nepal Insurance Authority is set to extend the deadline for the capital increase of two reinsurance companies—Nepal Reinsurance Company and Himalayan Reinsurance by one year. The decision follows the Government of Nepal’s indication that there is...

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 – 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,...

Kathmandu – A two-day training program on marine insurance, organized by Insurance Protective Services, officially commenced on Wednesday (15 January) at Hotel Royal Shingi, Durbarmarg. The workshop, aimed at enhancing the knowledge and capacity of employees from non-life and...

Kathmandu – Nepal Insurance Authority has announced a new provision allowing insurance companies to purchase non-real estate fixed assets without requiring regulatory approval. However, the board has imposed stricter regulations on investments in high-risk areas. As per the draft...

Kathmandu – The overall stock market saw a modest gain this week, with the NEPSE index rising by 4.19 points to 2630.71. The insurance sector experienced a significant downturn as the total of 19 insurance companies witnessed sharp declines...