AIR+31 Aug 2022

Nepal:Overseas reinsurers default in settling their dues

| 31 Aug 2022

Domestic insurers in Nepal are unable to settle their claims of their policyholders as the overseas reinsurers have defaulted on paying the reinsurance claims made by the insurers. Nepal's domestic insurers have to recover around NPR3bn ($23.7m) from overseas reinsurers.

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