The Insurance Board (IB) has ordered insurance companies to make mandatory investments in fields such as infrastructure, agriculture, water resources, and tourism.
The Nepali government has appointed former secretary Surya Prasad Silwal as the new chairman of the Insurance Board Of Nepal (Beema Samiti).
The government is seeking to appoint a new chairperson for the Beema Samiti, the country's insurance regulator.
The insurance industry in Nepal has settled less than 50% of the total COVID-19 claims lodged till date causing huge distress to policyholders leading to government intervention in the matter.
India has launched first of its kind flash flood guidance services for India and other South Asian countries - Bangladesh, Bhutan, Nepal and Sri Lanka - to issue impact-based forecasting at the watershed and also city level, of floods which are very sudden and of short duration.
Insurance companies in Nepal are finding the going tough as they try to deal with the quantum jump in the number of COVID-19 claims being lodged across the country.
A Swiss-based public-private partnership (PPP) will fund the development of COVID-19 insurance products with tele-health consultations.
In view of the heightened risk of COVID-19 transmission, a municipality in Nepal will provide free COVID-19 insurance cover to pregnant and new mothers.
With a surge in the number of COVID-19 cases across Nepal, the cricket association of Nepal has decided to provide insurance cover to its national team players and ground staff.
Over the past few weeks Nepal has seen a surge in demand for COVID-19 insurance cover after the regulator announced a 50% subsidy for families of government employees and for group cover.