NPR 300.70
-1.40 (-0.46%)Insurance companies' investments in listed ordinary shares reached over Rs 55.19 billion by the end of fiscal…Insurance companies' investments in listed ordinary shares reached over Rs 55.19 billion by the end of fiscal year 2082/83, with life insurers leading the sector with Rs 44.49 billion, according to recent data detailing individual company portfolios and mutual fund allocations.
Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of…Insurance companies increased their total investments in listed shares to Rs 55.19 billion by the end of fiscal year 2082/83, according to the Nepal Insurance Authority data. Himalayan Life Insurance holds the largest equity investment at Rs 10.10 billion, followed by other major life and non-life insurers and reinsurers expanding their market exposure.
Life insurance companies collected over Rs 41 billion in premiums in the first two months, with Nepal Life…Life insurance companies collected over Rs 41 billion in premiums in the first two months, with Nepal Life Insurance leading at Rs 10.58 billion, followed by National Life and Rastriya Beema Company.
In the first month of fiscal year 2083/84, life insurance companies' total business grew by 32.55 percent to…In the first month of fiscal year 2083/84, life insurance companies' total business grew by 32.55 percent to reach NPR 217.1338 billion, with Nepal Life Insurance leading the market.
Life insurance companies collected Rs 26.62 billion in total premiums through Shrawan, with Nepal Life leading…Life insurance companies collected Rs 26.62 billion in total premiums through Shrawan, with Nepal Life leading the market share by collecting Rs 6.99 billion.
The Supreme Court has issued an interim order halting the new CEO appointment process at Himalayan Life…The Supreme Court has issued an interim order halting the new CEO appointment process at Himalayan Life Insurance Limited following a petition by the suspended CEO.
Himalayan Life Insurance has initiated the recruitment process for a new Chief Executive Officer by August 26…Himalayan Life Insurance has initiated the recruitment process for a new Chief Executive Officer by August 26, following the resignation of its previous CEO amid governance controversies and regulatory scrutiny.
In the last fiscal year, life insurance companies saw their average net profit drop by 10.53% to total Rs 5.45…In the last fiscal year, life insurance companies saw their average net profit drop by 10.53% to total Rs 5.45 billion across 14 operating companies.
Nepal's micro-life insurance sector has reached over 8.2 million active policies, with traditional and…Nepal's micro-life insurance sector has reached over 8.2 million active policies, with traditional and micro-insurers expanding coverage across rural households.
Micro life insurance in Nepal has seen growth with over 8.2 million active policies and Rs 3.54 billion in…Micro life insurance in Nepal has seen growth with over 8.2 million active policies and Rs 3.54 billion in premium collections as of Ashar end, according to insurance authority data.
Following the implementation of the risk-based solvency guidelines by the Nepal Insurance Authority, life…Following the implementation of the risk-based solvency guidelines by the Nepal Insurance Authority, life insurance companies' solvency ratios have adjusted, with companies maintaining solid safety margins above the 1.30 minimum limit threshold.
Life insurance financial reports for FY 2082/83 show Nepal Life Insurance leading the market with Rs 53.68…Life insurance financial reports for FY 2082/83 show Nepal Life Insurance leading the market with Rs 53.68 billion in total premiums, capturing a 26.84% market share out of a total market size of Rs 204.59 billion.
Life insurance companies saw a 12.43 percent increase in total insurance premium collections, reaching over Rs…Life insurance companies saw a 12.43 percent increase in total insurance premium collections, reaching over Rs 200 billion in the last fiscal year.
Dinesh Bahadur Amatya has assumed office as the Acting Chief Executive Officer of Himalayan Life Insurance…Dinesh Bahadur Amatya has assumed office as the Acting Chief Executive Officer of Himalayan Life Insurance Limited following a board meeting decision.
Dinesh Bahadur Amatya has left IME Life Insurance to join Himalayan Life Insurance as a Deputy Chief Executive…Dinesh Bahadur Amatya has left IME Life Insurance to join Himalayan Life Insurance as a Deputy Chief Executive Officer (DCEO).
Himalayan Life Insurance announced a 50 percent discount on late fees for lapsed insurance policies when…Himalayan Life Insurance announced a 50 percent discount on late fees for lapsed insurance policies when renewed between Ashad 25 and 32.
In the third quarter of fiscal year 2082/83, employee expenses for 14 life insurance companies increased by…In the third quarter of fiscal year 2082/83, employee expenses for 14 life insurance companies increased by 11.48 percent to reach Rs 5.17 billion, with Himalayan Life Insurance spending the highest amount.
Nepal Insurance Authority data for Jestha of fiscal year 2082/83 shows growth in active life insurance…Nepal Insurance Authority data for Jestha of fiscal year 2082/83 shows growth in active life insurance policies despite declines in first-year, renewal, and total premium collections across the industry.
Himalayan Life Insurance Limited has appointed Bikash Basnet as its company secretary, effective from Ashar 5.Himalayan Life Insurance Limited has appointed Bikash Basnet as its company secretary, effective from Ashar 5.
Authorities suspended 32 incumbent officials and charged 8 former chiefs in a fraud case exceeding Rs 3.5…Authorities suspended 32 incumbent officials and charged 8 former chiefs in a fraud case exceeding Rs 3.5 billion involving several insurance and financial institutions.