The Nepal Insurers' Association (NIA) has asked domestic reinsurers to restore the previous year's reinsurance commission rates, failing which it would stop providing them business under mandatory direct cession.
The Nepal Insurance Authority (NIA) has stepped up efforts to force the mergers of insurance companies that failed to meet the regulator's directive to increase their capital.
The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
Himalayan Life Insurance (HLI), formed by the merger of Prime Life Insurance, Gurans Life Insurance and Union Life Insurance, has officially started business in its enlarged form.
The Nepal Insurance Authority (NIA) has awarded licences to two companies to engage in microinsurance services.
Nepal Insurance Authority (NIA) has issued license of operations to two microinsurance companies, Guardian Micro Life Insurance and Nepal Micro Insurance.
A number of merger agreements have been signed in both the life and non-life insurance sectors in the last one year, with M&A activity intensifying after the Nepal Insurance Authority (NIA) raised minimum paid-up capital requirements for insurers.
Himalayan Re, the first private-sector reinsurance company in Nepal, is expected to complete a public listing in the near term, notes AM Best.
The Nepal Insurance Authority (NIA) has issued licences for microinsurance business to seven companies.
The Nepal Insurance Authority (NIA) has formally begun operations with the coming into force of the amended Insurance Act on 8 November 2022.