Kathmandu – The leadership of Nepal Reinsurance Company is under scrutiny following revelations that its chairman, CEO, and board members submitted a proposal to the Nepal Insurance Authority that could negatively impact their own company. Nepal Reinsurance Company, which...

Kathmandu – The implementation of a new regulatory framework by the Nepal Insurance Authority has raised concerns about its impact on government-invested companies, particularly Nepal Reinsurance Company. The decision to introduce the Foreign Employment Insurance Pool has drawn criticism...

Kathmandu – The stock market saw a double-digit increase on Monday, the second trading day of the week, with Nepal Reinsurance Company Limited recording the highest turnover. Shares of Nepal Reinsurance worth Rs 326.4 million were bought and sold,...

Kathmandu – Nepal’s two reinsurance companies in operation — Nepal Reinsurance Company Limited and Himalayan Reinsurance Limited have made total investments amounting to Rs 40.63 billion across various sectors during the first six months of the current fiscal year,...

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...